Rejection letter by DBS

Hi Mr Tan Kin Lian

It's been a dismay after this long struggle for justice with DBS ending with yet another rejection letter from DBS on the appeal against their High Notes 5.

Even if we raised a number of direct and specific questions about the Mar and Jun letters from them urging and misleading investors into holding on to their Notes till the fateful day of 15 Sep, they simply refused to offer any replies on these questions.

The only thing that DBS keep referring to is that the investor has signed on the sales agreement, which we thought is the obvious otherwise how could the product be sold in the first place.

The appeal on mis-selling on the part of DBS and the many issues surrounding the complex product went totally unanswered.

What should we do now?

REPLY
You can sign a statutory declaration and bring it up to DBS again. The statutory declaration should state the grounds of mis-selling. If they still reject your complaint based on the statutory declaration, you can take it up to FiDREC. You can also join the collective legal action.

Read my blog:
http://tankinlian.blogspot.com/2008/10/general-advice-to-investors-of.html