Post by ukipa on Jan 10, 2014 18:50:27 GMT 4
Documents are fake, confirms bank executive
Friday, January 10, 2014
A Standard Chartered Bank Hong Kong executive testified that three documents in possession of defendants in the case related to the collapse of the Hong Kong Mercantile Exchange were fake and not issued by the bank.
The bank representative told the District Court that she checked the authenticity of the documents - two letters of indemnity and one receipt - that were worth a total of US$460 million (HK$3.59 billion).
She said the two signatories on the documents were not Standard Chartered Bank Hong Kong employees, but were instead the chairman of the London- based parent, John Peace, along with chief executive Peter Sands.
All three documents were bogus, she said, citing one account number being inactive, and that the stamp used omitted the words "HK Ltd," and indicated they were issued by a non-existent investment and securities department.
Also, the space designating the beneficiary on a letter of indemnity was left blank.
Three mainland merchants are on trial charged with four counts of possessing forged documents, in connection with the HKMEx collapse.
Friday, January 10, 2014
A Standard Chartered Bank Hong Kong executive testified that three documents in possession of defendants in the case related to the collapse of the Hong Kong Mercantile Exchange were fake and not issued by the bank.
The bank representative told the District Court that she checked the authenticity of the documents - two letters of indemnity and one receipt - that were worth a total of US$460 million (HK$3.59 billion).
She said the two signatories on the documents were not Standard Chartered Bank Hong Kong employees, but were instead the chairman of the London- based parent, John Peace, along with chief executive Peter Sands.
All three documents were bogus, she said, citing one account number being inactive, and that the stamp used omitted the words "HK Ltd," and indicated they were issued by a non-existent investment and securities department.
Also, the space designating the beneficiary on a letter of indemnity was left blank.
Three mainland merchants are on trial charged with four counts of possessing forged documents, in connection with the HKMEx collapse.