Ghost of Carrion: Malaysian executive returns to Hong Kong for trial

Article Abstract:

Bumiputra Malaysia Finance's previous Chmn Lorrain Osman was extradited to Hong Kong from London on Dec 16, 1992 to stand trial for corruption and mismanagement charges. Bumiputra Malausia Finance, a Hong Kong subsidiary of Bank Bumiputra, Malaysia's second largest bank, lost HK$6 billion between 1979-83. Most of the money was given in loans to the Carrion group which collapsed in 1983. Also accused with Osman is George Tan, former head of Carrion. Osman's case is rumored to have political links, and the trial may take another two years to start.

Banking industry, Investigations, Corporate officers, Osman Lorrain, Tan George, Bumiputra Malaysia Finance Ltd.

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Battle of Trafalgar

Article Abstract:

Hongkong Land Holdings Ltd has acquired 14.9% stake in troubled Trafalgar House PLC shares and is bidding to gain control by acquiring 15% more. Trafalgar told shareholders to deny the bid because Hongkong Land's price severely undervalued the shares but Trafalgar's floundering share price and doubtful leadership makes its success seem inevitable. Hongkong Land claims a long-term stategic interest in Trafalgar but analysts question the property development and management firm's goals for the construction and engineering company.

Subdividers and developers, not elsewhere classified, Real estate agents and managers, Engineering services, GENERAL BUILDING CONTRACTORS, Construction industry, Investments, Engineering firms, Real estate industry, Securities, Trafalgar House PLC, Hongkong Land Holdings Ltd.

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A neigh at the races

Article Abstract:

India's Supreme Court on Jan 12 ruled against Madras's 22-year-old ban on horseracing, finding that betting on horses is a matter of skill rather than gambling. Nevertheless, most punters believe the races are rigged, so in addition to studying horses' closing speeds they scrutinize the body language of jockeys and trainers. The 1974 ban never stopped the racing or the betting for long, thanks to various legal challenges, and in fact for years the state was forced to operate the races itself.

Illegal Gambling, Cases, Gambling, Horse racing, Horse-racing

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