So ATubby claims that being an inveterate gambler does not mean
that such a person is not of sound character. But again, not one in
the managment will know that the Finanace Manager has cooked the
books to pass the Resolution Board until the yearly audit
begins, so ATubby expects everyone to be a omninescent god to begin
with. What kind of logic is that? The judge may have reservations
on the case hence such a judgement in camera. Unless, ATubby is the
external auditor for APB that financial year, I highly
recommend that he cease speculation on the case.
The "swei-siao-hog" never fail to amaze anyone with its
brilliance in insisting in its hogged display of "swei-siao"
ignorance in his brilliant speculation about others
"assuming" - as he indulges everyone with his obvious
ignorance to published facts.
The question remains - was the case all about the
Finance Manager
being a gambler - or was it about the rightful
claim of the bank loans extended to
APB on the basis of the Company
Resolutions being passed for the loan applications made ?
In any case, does a "hog" know the process of a Company
Resolution being passed - and how many persons in authority will be
involved ?
How did the brilliant "hog" come up with such a "swei-siao" view
that had him seeing the "books cooked" and could not be picked
up "until the yearly audit
begins" ?
Did the "swei-siao-hog" missed the ChannelNewsAsia report that -
‘Chia, who was a finance manager with APB,
cheated four foreign banks of S$117 million between 1999 and 2003 in the largest
commercial fraud case here..’ (*1)
Obviously, someone at the Audit Firm did not perform with
any diligence from 1999 to 2003 - or perhaps the
"swei-siao-hog" had some vested interest to divert attention from
the facts that prove to be so "swei-siao" to the interest of the
"hog" ?
Did the judge conduct the trial and gave her decision
"in camera", or is the "swei-siao-hog"
putting up another stunt in its bombastic "smoke and
blanks" that only a "hog" is good at ?
ChannelNewsAsia must be getting some special license to
broadcast the result and have it posted even on the WWW despite the
learned judge's intention of having the proceedings "in
camera" as suggested by the "swei-siao-hog".
‘A High Court judge found that the two foreign
banks were "very eager to start and develop a banking relationship"
with APB, which has a reported huge cash reserve of over S$100
million.’ (*2)
‘The loans were considered relatively small and were
regarded as a "door-opener" to future business opportunities. "From
the view point of the banks, the advantages outweighed the risks,"
said Justice Belinda Ang.’ (*3)
It is obvious that the "swei-siao-hog" is not as learned as
the trial judge in her brilliant understanding of the events -
with her comment that the banks were very eager to start and
develop a banking relationship with APB.
Obviously, the learned judge had recognised that the banks had
transferred the monies to the Bank Accounts owned by APB, and not
to the personal account of the Finance Manager.
Obviously, ChannelNewsAsia did not make themselves to be so
"swei-siao" except to report the truth that :-
‘SEB, HVB and two Japanese banks - Sumitomo
Mitsui Banking Corporation and Mizuho Corporate Bank - then sued
APB to recover the lost funds. They contended that Chia's acts were
carried out in his capacity as APB finance manager and that
the company was bound to
repay the loans..’ (*4)
It is most probable that the simple mind of a "swei-siao-hog"
cannot be expected to know that the money loaned to APB was
based on the bank procedures having been met, and the banks
were satisfied with the security of the loan being given to APB -
and not the Finance Manager.
Did the learned judge not take the position of
the "swei-siao-hog" that it is expected for the
banks to be like "a omninescent
god" to know that Chia is cheating the Banks, and that
the Documents and Company Resolutions were false ?
Does it not require the 'swei-siao-hog" belief that one has
"to be a omninescent
god" to know that - "Chia in putting forward the forged documents as
genuine was not acting within his actual authority, whether express
or implied." ?
Perhaps the "swei-siao-hog" should be the next Finance
Manager at APB, and he can then enrich himself along
the same lines taken by the Finance Manager.
Afterall both are similarly "swei-siao" in the thinking
compartment.
