Thursday, October 2, 2008

Are the investors really getting a REFUND?!

After false rumors saying that Fubon Bank will compensate the principal to their minibond investors (the bank denied such actions yesterday), another bank is rumored to return its investors' money...




Rumors say that Mevas Bank has offered to return an investor's money!



But is it true?



Democratic Party legislator-elect Kam Nai-wai claimed that investor asked that their case be withdrawn from the list of those who needed help because the bank had offered to return their money.


Investigation suggests that Hongkongers have invested a total of HK$15.6 billion in these minibonds or derivatives - and are facing substantial loss.


No representative from the bank, or its parent company Dah Sing Bank, has admitted or denied the story.


So no one really knows if the investors would have a chance of getting their money back...

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