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Thursday, October 15, 2009

Fair treatment to all

I heard that some investors who were active in organising the class action on the credit linked notes had been offered more attractive terms of compensation than other investors in similar situations. They accepted the compensation and discontinued taking the lead in the class action.

I do not have the chance to verify the truth of this statement, as the terms of the settlement are covered under "non disclosure agreements". If this is true, then we have a situation where people are treated differently "for commercial reasons", according to their special position. Is this a new form of corruption?

In some countries, these allegations will be invested by the authority to ensure that there is fair treatment to all affected parties. I hope that our regulators in Singapore will be willing to take this step.

Tan Kin Lian

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