High Notes 5 investors – still no word from DBS

Posted by on November 4, 2008 9 Comments

‘Total silence’ unacceptable (Straits Times)

A ‘DISTURBING’ number of High Notes 5 investors have yet to receive any reply from DBS Bank after filing complaints that they were mis-sold the notes, said Mr Gerard Ee on Tuesday.

To date, DBS has received more than 650 complaints from its High Notes 5 investors

Committed to review all 1,400 High Notes 5 cases by the end of the year.

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9 Responses to “High Notes 5 investors – still no word from DBS”

  1. Chiu Er Ren 5 November 2008

    Can anyone do anything if FI don’t respond?
    Get help from MP ?

    I am oblivious.

  2. Sadman 5 November 2008

    Get help from MP? Seems that you are not a Singaporean.

  3. Chiu Er Ren 5 November 2008

    between the lines…. cannot say too much too directly…..constraints….. ;)

  4. GoodSingaporean 5 November 2008

    maybe they should try dragging the case till the next election…….they ans will be fast and the rsult will be good!!

  5. isa 5 November 2008

    Maybe Gerald Ee is a strong contender for presidency with this case

  6. Samtom 5 November 2008

    May be “father and son team” is travelling and no one can make any decision.

  7. tiredsingaporean 5 November 2008

    playing a waiting game I supposed to let the saga die off by itself so then say lets move on with life and close the case quietly.

  8. Donaldson Tan 5 November 2008

    To wait till Dec 2008 is as good as waiting for investors’ anger to diffuse. I see this as a tactic from DBS to enhance the sense of helplessness among victimised investors, so that they can divide the victimised investors in the name of DBS shareholders’ interest.

    I hope I am wrong and I hope DBS will do the right thing.

    DBS, do the right thing!

  9. A Tan 5 November 2008

    Don’t worry #7 and 8.

    Hongkies are rougher than S’poreans. DBS guards were attacked last weekend.

    And Hongkies believe that triads will help .

    And Hongkies have shown that they prepared to make a run on the bank. Look what happened to Bank of East Asia. People power.

    DBS needs Hong Kong and China more than they need DBS.

    Lucky for S’poreans that DBS sold to Hongkies. They got courage to fight for their rights. Not like S’poreans who only know to whine and cower anonymously when bullied.