In spite of repeated exhortations by Prime Minister Lee Hsien Loong and MAS Chairman Senior Minister Goh Chok Tong to the investors to lodge their complaints to the financial institutions and FIDReC, over 600 investors turn up today at Hong Lim Park to deliberate on a collective class action suit against the banks.
The crowd is obviously larger than last week’s and there is a palpable tension in the air this time. 7 ou of 10 investors we spoke to are unconvinced that they will get a fair settlement from the banks and FIDReC and are seriously considering taking legal action.
Many from the DBS highnote5 and highnote2 group claimed that they have received official replies from DBS stating they have “no case” to stand on. Said Mr Seah L K, 60: “No point meeting them, whatever they said is rubbish, I just want to know whether they are going to pay up, that’s all !”.
Read full report and view photos at:
http://wayangparty.com/2008/11/01/anger-investors-ponder-legal-action-crowd-swells-at-hong-lim-park/
The crowd is obviously larger than last week’s and there is a palpable tension in the air this time. 7 ou of 10 investors we spoke to are unconvinced that they will get a fair settlement from the banks and FIDReC and are seriously considering taking legal action.
Many from the DBS highnote5 and highnote2 group claimed that they have received official replies from DBS stating they have “no case” to stand on. Said Mr Seah L K, 60: “No point meeting them, whatever they said is rubbish, I just want to know whether they are going to pay up, that’s all !”.
Read full report and view photos at:
http://wayangparty.com/2008/11/01/anger-investors-ponder-legal-action-crowd-swells-at-hong-lim-park/
