heroin chic, page-5

in the 70s there was a big entrepreneur in singapore whom the banks would not touch witha 10foot pole; his past included swindling his contrymen working as trishaw riders of their savings some 20 years before that as well as swindling various overseas manufacturers with bad letters of credit. he had a break when the moscow narodny bank opened in singapore n was hungry for business; and of course he had 'mended' his ways by taking 'more proper' real estate developments, making some money n earning respect for his shrewdness.

in the 90s the singapore stock exchange would not list his company, by then 1 of the largest developers, hotel owners n a small westfield - shopping centres in singapore n hongkong. he listed in hongkong with little support from singapore institutions, shy of his reputation.

today his business empire is one of the largest in singapore/hongkong n when he passed away recently, accolades were given by government n business leaders for his business acumen.

frank timis' history to date reads like an extract from my story; would he finish his last chapters well.

having said that, the regulators like asx should think of innovative ways to control these characters n b able to distinguish the transactions in ipo/goldfields/timis for what they are. it is easy to use simple association with timis' past activities; his drug convictions as a 20yr old should not condemn him for life; more importantly condemn cfe at this time!