The Chief Executive and his consciousness of Conflict of Interest -- Alliance 's Press Release
A press conference convened by the Alliance of Lehman Brothers Victims in Hong Kong
The Chief Executive and his consciousness of Conflict of Interest
The widespread miss-selling injuring tens of thousands of our senior citizens and vulnerable members of our community are exactly what the Securities and Futures Ordinance is designed to prevent. The legislative intent fails to materialise but the community is no wiser as to the causes of the problems and the course the wrongdoings took, despite more than one year after the miss-selling comes to light.
The apathy of the current Chief Executive of HKSAR towards the recurrent social tragedies, in health care, education, as well as in finance, is the root cause of the administration’s stumbling along in almost every aspect of government, seemingly at a loss of what it should do and what the community expect it to do.
Mr. Donald Tsang is no leader, and least of all political leader. This much is evident from his inability to appreciate what the convention expects of a statesman in his position. His sister-in-law is not a remote relative, and her loss in Lehman-related securities will not be seen as just another case - not by the community, nor by the officials, nor by the bank concerned. Just like justice should not only be done, but must be seen to have been done. Integrity of political leader in high place must strive to avoid not only actual conflict between his duties and his personal interests, but also the appearance of such conflict. Mr. Donald Tsang does not, or refuse to, understand this elementary principle, and this alone should have disqualified him from continuing to hold the public office arranged for him.
The Alliance of Lehman Brothers Victims has the pleasure to invite representatives of your organisation to take part in the captioned event which is to be held at 1230 hours on 5th November 2009 (Friday) at Room 401 West Wing, Government Central Office,
A few victims of Lehman-related securities fraud have agreed to attend and share their frustration and dismay on this latest episode of the Chief Executive’s incompetence or even dishonesty.
