Minibond investors happy?
About 50% of the investors that lost money in the minibond fiasco will be compensated or have been compensated. This looks like good news. Tan Kin Lian also commented that it is reasonable and the investors should not expect the banks to cough out the full amount as compensation. What amount of compensation is enough? Or should the banks even compensate the investors? The issue should not be compensation and how much. It should find out if it is a case of fraud, a crime or just a normal business. If there is no crime, no fraud, then there is no issue of compensation. But if fraud or crime is involved, the compensation should be in full and the guilty be punished under the law. Or are we to take the position that a cheat that cheated people of $10m and returned $5m then those cheated should feel happy and should be grateful that they got some money back? What is the real issue? Has crime or fraud been established or will it be established? It is so pleasant to cheat Singaporeans.