Eight observation points on opening statement by SC Chelva Retnam (Part 3 of 8)
3. CPG DÉJÀ VU I have observed two points raised in senior counsel Chelva Rajah's opening statement so far. First, the MND review of the AIM deal recognised the party-political competitive context of town council work. Second, Mr Low's political instincts was honed by twenty years of experiencing this context tilted against...
HoHoHo: Time for StanChart’s CEO to go?
Another one for the repair shop is UK-listed Standard Chartered. After damaging revelations about the bank breaching US-led sanctions against doing business with Iran, it had already paid a $667m fine to avoid criminal charges in 2012. This week another $1.5bn in fines from US authorities was highlighted after allegations that...
HoHoHo: StanChart’s CEO is worse than our paper generals
Singaporeans have few good things to say about our paper generals and scholars: think SPH’s CEO and ex-SMRT’s CEO. Well StanChart’s CEO, a true blue ang moh life long banker, makes these guys look good. When Bill Winters became the Messiah CEO of StanChart in June 2015, the bank’s shares were around £10. Now they...
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