Friday, October 3, 2008

Bad News: Mevas Bank denied refunds

Mevas Bank issued a denial that they gave a client full refund.

Other banks that sold the minibonds including Standard Chartered, Fubon Bank, DBS, Chong Kong Bank, Citibank, Wing Lung Bank, Bank of China (Hong Kong), Chiyu Banking Corporation, Nanyang Commercial Bank and Shanghai Commercial Bank claimed that they did not make any refund agreements with their clients yet.

Bank of East Asia and Citic Ka Wah Bank said that they were processing the complaints.

Kam Nai-wai is not confirming or denying the reports that he said an investor got his/her money back but he only said Meva Bank's denial was no surprise and they do not want other investors to know about this!
Although the rumor might prove to be false again, but this should be able to raise the hope of some of the investors - or would this bring a larger disappointment?

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