Henry Tang and Fred Ma

Regina Ip -a December 27 at 10:32pm

Jeff, As you may have noted from my recent letter to Dr. Raymond Ho, Chairman of LegCo's investigating committee on the Lehman-related issues, judging from the testimony of Martin Wheatley, Executive Director of the Securities and Futures Commission, the relevant officials in the HKSAR Government might have overlooked the need to implement the recommendations of the SFC's Consultation in 2006. Their delay in making he necessary legislative amendments might have left loopholes in the selling of Lehman-related products, especially those sold through private placement, like ELN. I have asked the Chairman Dr. Ho to summon the former Financial Secretary Mr. Henry Tang and the former Secretary for Financial and Treasury Services, Mr. Fred Ma. Bu the government might put pressure on Dr. Ho behind-the -scene to discourage him from doing so. If you support my proposal, would you like to write to Dr. Ho to request these former financial officials to be summonsed?

On the meeting with the Alliance of Lehman Brothers' Victims, the representives have agreed to support Regina Ip proposal on Henry Tang and Fred Ma on their roles in Minibonds issues and are drafting letter to Legco to support Regina Ip and also on issue to summon SFC Mr. Ko.