tag:blogger.com,1999:blog-17473688.post5584564957884875781..comments2024-03-28T17:04:26.603+08:00Comments on My Singapore News: Lakshmi Vilas Bank - Is DBS in hot soup with new Indian High Court ruling?Chua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-17473688.post-82665950485677618152020-12-07T08:41:50.844+08:002020-12-07T08:41:50.844+08:00The government must quickly step in before it is t...The government must quickly step in before it is too late. Stop the loss of the people's money immediately.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-78026553711108158132020-12-07T08:38:42.513+08:002020-12-07T08:38:42.513+08:00Years of hard work and savings voluntarily pouring...Years of hard work and savings voluntarily pouring into a bottomless pit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-40381041801918376712020-12-07T08:37:08.874+08:002020-12-07T08:37:08.874+08:00This Lakshmi Vilas case is not that simple. It is ...This Lakshmi Vilas case is not that simple. It is looking like a well planned scheme to rob DBS India dry. There will be more and more claims against DBS India that had nothing to do with it. For no reason DBS India is now responsible for all kinds of claims and wrongs of Lakshmi Vilas Bank and has to pay for them.<br /><br />How can this be allowed to happen? Would $420m be enough or a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-71052728237127400202020-12-06T15:43:11.997+08:002020-12-06T15:43:11.997+08:00This time a lot of the people's money at stake...This time a lot of the people's money at stake. The Indians are going to bleed dry DBS India and if possible DBS Singapore as well.<br /><br />Our reserves will be badly affected all because of stupidity. Could be more than stupidity.<br /><br />Lee Kuan Yew and Goh Keng Swee must be cursing and swearing. How could Singapore produce such idiots to make such stupid decision. The money lost to Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-70655208959560599002020-12-06T13:09:51.290+08:002020-12-06T13:09:51.290+08:00Even if Singaporeans know who is behind it, some p...Even if Singaporeans know who is behind it, some perpetrators are members of the royalty and cannot be punished. A scapegoat will be found and slaughtered and everything will be peaceful and quiet and business as usual.<br /><br />Learn from Trump. He is going to pardon all his cronies in crime and is said to be looking to pardoning himself as well. Ownself pardon ownself isn't too radical Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-41363918535341993762020-12-05T21:43:57.204+08:002020-12-05T21:43:57.204+08:00DBS Singapore now looks more like an Indian Bank t...DBS Singapore now looks more like an Indian Bank to me. Headed by an Indian, it does not surprise me that the merger of its subsidiary, DBS India with a failed Indian Bank took place so hurriedly and unceremoniously quietly, without objection from the Government. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-54844758442408794152020-12-05T20:19:48.531+08:002020-12-05T20:19:48.531+08:00It was reported in the Indian media today that an ...It was reported in the Indian media today that an Indian MP and BJP member, Subramanian Swamy, has asked the Indian government to put the Lakshmi Vilas Bank (LVB) merger with DBS Bank India on hold (‘Subramanian Swamy asks PM Modi to put LVB merger with DBS on hold‘, 4 Dec).<br /><br />Sawmy has sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-9107443617352449622020-12-05T07:58:29.948+08:002020-12-05T07:58:29.948+08:00DBS Bank India receives ₹2,500 cr. capital from pa...<b>DBS Bank India receives ₹2,500 cr. capital from parent</b><br />(Mumbai, December 04, 2020 22:41 IST)<br /><br />DBS Bank India Ltd (DBIL) said it has received capital infusion of ₹2,500 crore from DBS Bank Ltd., Singapore, to support the India franchise, following amalgamation of erstwhile Lakshmi Vilas Bank (LVB) with DBIL.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-63728735557169337772020-12-05T01:49:01.320+08:002020-12-05T01:49:01.320+08:00How much money has already been dumped into the pr...How much money has already been dumped into the project by the Singapore Consortium? Or is it a Connedsortium?<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-48821709717004219722020-12-05T01:38:44.482+08:002020-12-05T01:38:44.482+08:00Andhra Pradesh govt issues orders to liquidate Ama...<b>Andhra Pradesh govt issues orders to liquidate Amaravati start-up area</b><br /><br />In 2017, the N Chandrababu Naidu government had entered into an agreement with a consortium of Singapore companies Ascendas-Singbridge and Sembcorp Development for the development of Amaravati capital city start-up area project in 6.84 square kilometres of government land.<br /><br />More than a year after Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-58233690301509542242020-12-05T00:00:11.701+08:002020-12-05T00:00:11.701+08:00
People walk in the lobby of a DBS Bank building i...<br />People walk in the lobby of a DBS Bank building in Singapore<br /><br />People walk in the lobby of a DBS Bank building in Singapore (File photo | Reuters)<br />By Sesa sen<br />Express News Service<br /><br />NEW DELHI: Religare Finvest, which has a pending case against Lakshmi Vilas Bank (LVB) for misappropriating fixed deposits worth Rs 750 crore, has filed a petition with the Delhi HighAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-54804972640823948512020-12-04T22:51:43.899+08:002020-12-04T22:51:43.899+08:00https://www.newindianexpress.com/business/2020/dec...https://www.newindianexpress.com/business/2020/dec/04/dbs-bank-served-notice-in-religare-deposit-fraud-case-2231594.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-82526843317013038342020-12-04T22:12:26.591+08:002020-12-04T22:12:26.591+08:00DBS vs LVB: Sweet Meat For The Wolves, Game Of The...<b>DBS vs LVB: Sweet Meat For The Wolves, Game Of The Century</b><br /><br />The Lakshmi Vilas Bank (LVB) Deal is the most "lucrative" and "enticing" business proposal ever made in the history of banking and finance. Some more, it was made by such a distinguished and outstanding government of India, under the steady steering hands of the well-known PM Modi of CECA fame.<br /><SSOhttps://www.blogger.com/profile/13344123397018889881noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-36391187268773507652020-12-04T11:50:57.314+08:002020-12-04T11:50:57.314+08:00India is a country where only fools would rush in ...India is a country where only fools would rush in with their money and not seeing them again.<br />December 04, 2020 11:39 am<br /><br />Do you think PAP has an endless supply of fools?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-17881036580625375192020-12-04T11:47:32.359+08:002020-12-04T11:47:32.359+08:00Ya, one of them got screwed until cannot see dayli...Ya, one of them got screwed until cannot see daylight and today walking around like a fool. He probably would not go to India anymore.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-2033343990678509862020-12-04T11:44:05.536+08:002020-12-04T11:44:05.536+08:00There are a very few number of very, very, very si...There are a very few number of very, very, very silly Sinkies that could see light in a dark bottomless pit and encouraging daft Singaporeans to throw their money into this pit.<br /><br />Believe in them at your own peril. But if one is playing with OPM, that is another matter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-79252281683749263542020-12-04T11:39:32.867+08:002020-12-04T11:39:32.867+08:00Making such a big decision, money wise, to accept ...Making such a big decision, money wise, to accept this Indian proposal to buy over the debt of Lakshmi Vilas simply based on economic and business logic is inadequate.<br /><br />The political risk is so high, so much higher than buying over Thaksin's telecom in Thailand. India is a very risky proposition for putting big money into this country. LKY spoke against it and many western Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-60636568401399212692020-12-04T11:38:58.407+08:002020-12-04T11:38:58.407+08:00You cannot trust the Indians, least of all Modi. T...You cannot trust the Indians, least of all Modi. The Japanese found out too late. Now DBS is set to find out they may have been taken to the cleaners. <br /><br />When you do business in India, anything can change overnight, even though they said something today, tomorrow is another matter. Trust their courts and judges at your own peril. Bollywood movies have been telling such horror stories forAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-21506920762017972032020-12-04T11:22:04.289+08:002020-12-04T11:22:04.289+08:00This has the potential of becoming a bottomless pi...This has the potential of becoming a bottomless pit where money goes in and in and cannot see daylight.<br /><br />Who would be responsible for making this decision to dump money into a dark hole?<br /><br />The financial world has this phrase, 'throwing good money after bad money'.<br />Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-74767679623184297412020-12-04T10:35:06.635+08:002020-12-04T10:35:06.635+08:00It is ok ah Gong money ,money not enough increase ...It is ok ah Gong money ,money not enough increase CPF contribution to coverAnonymoushttps://www.blogger.com/profile/06776232268966695248noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-40886601975532019312020-12-04T10:07:06.642+08:002020-12-04T10:07:06.642+08:00That was a bait that caught the big hungry greedy ...That was a bait that caught the big hungry greedy fish.<br /><br />Check out who is the CEO of DBS. <br /><br />Put two and two together, I smell something very fishy coming out of the big fish. <br /><br />Bookworm scholar too busy fixing citizen critics has no time to think of how to fix his concubine who allowed herself to be fixed by the big fishy CEO.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-46725307706092924782020-12-04T09:31:42.757+08:002020-12-04T09:31:42.757+08:00Smells of Modi's modus operandi.
Same as CECA....Smells of Modi's modus operandi.<br />Same as CECA. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-1913023965238507542020-12-04T09:01:05.411+08:002020-12-04T09:01:05.411+08:00Very slippery. Very cunning. Very dirty.
All meas...Very slippery. Very cunning. Very dirty.<br /><br />All measures imposed by the unscrupulously righteous (albeit one-sided) judge of Madrass' High Court are aimed at forcing DBS to lose money, a bargain it must never have calculated before greedily and hastily swallowing up the LVB.<br /><br />But I suppose the Government of India must have anticipated that such actions by the LVB Anonymousnoreply@blogger.com