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Posts Tagged ‘privatization’


PCCW Vote Rigging

Sunday, March 15th, 2009

This house hopes that the SFC will investigate thoroughly the alleged vote-rigging activity in the recent privatisation deal and tender a detailed report of what happened. Clearly so many new holders with voting rights, many of which were Fortis insurance agents, suddenly coming into the equation just ahead of the privatisation proposal would recommend something abnormal going on.

It’s about time SFC actually did something useful with itself; the debacle with the Lehman Brothers Minibonds was essentially to do with SFC not having carried out proper risk assessment of financial products and this house sincerely hopes that a plausible explanation will become of the PCCW vote-rigging investigation.

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