Tuesday, March 31, 2009

Endless Journey

Expecting the world to treat you fairly
because you are a good person
is a little like expecting the bull not to attack you
because you are a vegetarian.

-Dennis Wholey

Dear blog readers, this blog entry has been the most difficult one for me to compose.

The legal battle has been a long and lonely journey. I've been warned many times that this is an impossible fight, and that the tale of David and Goliath doesn't exist in the real world. This seems to be proven correct - today the Supreme Court of Singapore found in HSBC Private Bank's favor.

It's disheartening as I had nothing but the truth. However I do not regret fighting for my rights and believing in justice, and I intend to keep on fighting by taking the case to the next step.

Your support has been the source of my strength, I'd be grateful if you could continue to offer your help and support.

P.S. It's a difficult time for me... so please kindly understand if you don't see as many smiles on my face as you used to see...

Wednesday, March 25, 2009

HSBC Private Bank declines evidence call

(Source: Business Times, 6 Mar 09 - HSBC Private Bank declines evidence call)

Just an update for my friends and blog readers...

After my days on the witness stand
The 5 bankers were scheduled to testify

All of a sudden, they declined to give evidences

My heart sank
Because one of the things I ever wanted is to hear the truth from them

I am perplexed
As I'll never get to know what really happened

I am disappointed
As the picture will never be complete

I am confused
Does truth alone triumph?...
Will the truth ever see the light?...

HSBC Private Bank declines evidence call
HSBC Private Bank yesterday declined to call evidence in a High Court case in which it is being sued by a Taiwan family for forcing them to close a forex trade.
The plantiffs-Huang Po Jen, now a citizen of New Zealand; his mother Chen Ling San; and his grandmother Chen Cheng Su Yun-allege that HSBC had forced them in 2004 to close a forex trade on their US$24million investment account, which caused them to suffer losses and deprived them of potential profits.
They are claiming S$3million from HSBC. The trial began on Monday and HSBC witnesses, including the present chief executive of HSBC Private Bank Jimmy So, were scheduled to appear in court from yesterday to next Thursday.
Other defence witnesses include Alex See, who had been Mr Huang's relationship manager, and Joanne Lee, then a forex trader.
The move means that HSBC will not be calling any evidence at all, and that the judge, Justice Belinda Ang, will have to decide based on the evidence already produced by the plantiffs.

Thursday, March 05, 2009

Litigation against HSBC Private Bank Singapore

Dear blog readers, I'd like to apologise for the lack of update. Since the news had made it to the media, I'll share the extracts with you.

This week I took the witness stand at the Singapore High Court, and I believe the justice will prevail. This litigation caused me lots of pain in the past 4 years, but I fought it all the way through. I'd like to let you know that no matter what life throws at you, don't ever give up. Fight for the good and this is what I intend to keep on doing, no matter how long it will take.

Thanks for all your support. Special thanks to my friends in Singapore.

If you'd like to read the text, please click


HSBC Private Bank sued

A FAMILY of three from Taiwan is suing HSBC Private Bank for forcing them to close a foreign exchange trade on their US$24 million (S$37 million) investment account, which resulted in them suffering losses and being deprived of potential profits.

Mr Huang Po Jen, his mother Madam Chen Ling San, and his grandmother, Madam Chen Cheng Su Yun, are claiming about US$3 million in total.

The case opened in the High Court on Monday and is scheduled for 10 days.