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The Carrian Group case in HK

Discussion in 'General Talk' started by links, Aug 10, 2006.

  1. links

    links Senior Member
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    this case was happened in 1983, a malaysian chinese George Tan found a fast growing company named Carrian Investment in HK. The company grew from nothing to the fifth largest company in HK just in 3 years time....but then collapse suddenly in 1983 and led to the largest ever bankrupcy in HK.

    Then later Bank Bumi sent a auditor to HK to check on their billion dollar loans and the auditor got murdered in HK.

    in the later days, HSBC, Baclays bank also got involve in this financial scandals....and HK ICAC spent 17 years to investigate the case because of the dramatic happenings which including the advisor of the company suicided and the judge of the case died in a myterious traffic accident........


    this case is very dramatic and George tan manage to escape by just sentenced in prison for 3 years but spent most of the time in the hospital by claiming his health are not able to live in jail......


    any senior here know more about this case and care to share?
     
  2. munky

    munky Senior Member
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    Google ?
     
  3. b00n

    b00n Senior Member
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    sound interesting ler....
    how do u know bout it??.......resurfaced out in HK papers/medias recently?
     
  4. koolspyda

    koolspyda Senior Member
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    you mean you guys never heard of the Carrian case & the collase of bank bumi?

    when were you guys born??? There were tons of scandals of many cases that were swept under the carpet by our past G. this is a needle in hay of the many "you arent allowed to speak of where the trail leads to" topics.

    now dont you think history lessons is important??? :wink:
     
  5. koolspyda

    koolspyda Senior Member
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    allow yourself to read impartial expert/foriegn analyst opinion(s) then local hearsay/ gossips. it helps. it a disease that plagues malaysian people.
     
  6. b00n

    b00n Senior Member
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    sorry dude....was out unleashed into the working society only in 2002....
    was before my time I guessed.....

    care to give some insights?
     
  7. si|verfish

    si|verfish Senior Member
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    In 1983 I probably just graduated out of diapers lar friend. Cerita sikit. Malas mau pergi cari.
     
  8. kkho99

    kkho99 Senior Member
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    yes.... was hear longtime ago...and our G duno lose how many B on this case....... but until now still not yet setle rite...and no follow up by our press....
     
  9. b00n

    b00n Senior Member
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    what I don't understand is that the company was set up in HK.........
    what has it got to do with our Government or our local banks??.........

    I know for now; the bank wouldn't simply approve overseas investment.......mayb it's because of learning from cases like that.....

    what's the actual scandal lar wei..........tried googling it up; but can't seem to find the actual lead...
     
  10. Tohsan

    Tohsan Senior Member
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    this case was swept under the carpet very very long time back by the G, and was stop by the G to publish any more info about this inciddent in local news paper, do u still remember the commodity market collasped inciddent back then?
     
  11. b00n

    b00n Senior Member
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  12. links

    links Senior Member
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    i was reading on some other things and found this case.....mr tan is a clever man who managed to escape by only got 3 years sentenced but he used health problem as an excuse to escape....He is a very clever man who start from nothing in 1979 and make the 5th largest company in hk by 1982....just 3 years to make billions...thats quite a miracle...rumour said that he has a 5 stars standard jail quater during his imprisonment in malaysia......

    there was article mentioned that bank bumi lost about rm$2.5 billion( mostly by overseas loan without proper financial review)...HSBC and other overseas banks are involved also....many big shots in the banks are involved....some become fugutive with lot of $$$...some of the people involved are the political leader in HK and Malaysia....

    but the most dramatic is the murder of bank bumi's auditor, the suicide of the company's law advisor and the myterious traffic accident that killed the judge.....

    the whole investigation only completed in 2001..but it is the biggest ever corruption case in HK history....See...malaysia really boleh...
     
    #12 links, Aug 10, 2006
    Last edited: Aug 10, 2006
  13. koolspyda

    koolspyda Senior Member
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    i for one have an opinion that if malaysia was well managed from the seventies we would be far ahead or at least on par with the management of corporate governance of singapore, not lagged 10-15year from them.

    The seventies saw thousands of bright & well-educated people/families migrating from malaysia. (no need to go into that as it already well documented)

    These were people who would have contributed enormously to the socio-economics & the progressive growth of malaysia.

    I say it again, i believe that we (malaysians) been had & are led to believe we are better off.
     
  14. links

    links Senior Member
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    yes, even my current boss in hk(he is also quite clever) also said Mr.Tan is a very smart person that he has ever come across...

    Even Lee Ka Shing also cannot make such a miracle....2.5billion dollars of HKD in 1980s......that is good for 25billion dollars if in today view....and got all that in 3 years time....he could be as rich as billgate nowadays if the bubble didnt burst....ofcourse the way to create such a miracle is unethical and not encouraged...
     
  15. zephyr3d

    zephyr3d Senior Member
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    m'sian chinese...........
     
  16. b00n

    b00n Senior Member
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    haha...anyway, Msian chinese is famous for fraud wor.......
    kekekeke


    disclaimer: not a racist remark (from now onwards I need to put this type of disclaimer to avoid ppl saying that I'm a racist)
     
  17. munky

    munky Senior Member
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    hahaha yeah. Don't forget pirated cds and ah long hehe

    And i too need to put the same disclaimer as b00n's
     
  18. si|verfish

    si|verfish Senior Member
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    Thing is, the Chinese have a history of being slimy businessmen. They'll pretty much sell their souls to make a quick buck. Not scientific fact, just an observation.
     
  19. links

    links Senior Member
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    We also have a former MCA president which almost make the Singapore exchange collapse in the mid 80s.....he has now free from jail and become a consultant in a big company, involving in many charities actitivities...no one remember his past....

    the msian chinese in late 70s to mid 80s are really smart..
     
  20. koolspyda

    koolspyda Senior Member
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    not true, just some are slicker then others. i have a ex-gwai lo client who made "millions" by selling their stakes in a company which 6 years ago was a 1 person show travelling to-return japan selling some "****" waste products.

    yeah, we have the holloywood potrayal of "charlie", so that somehow remains a certain stigma for some.

    nationalities i have come across (client(s)/ some as frineds), brits, japanese, italians, americans, malay, chinese & german.

    while it true, there are certain chinese businessmen i dont like dealing with as oppose to my malay clients. the brits can be funny. most of the time they recognise you for your professionalism & they could be very gooood paying clients (to a point of course).
     

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