Thread: To Mr. BM

I'm sure this sounds like a reasonable idea...if PIPS was the only item on BN's work agenda and all their resources were thrown into sorting out the investigation into this one company...unfortunately common sense dictates that this is a very small part of their overall work and thus it will take as long as it takes with whatever resources are allocated to it.
Just because it is important to us doesn't mean it has the same inportance to someone else as i'm sure that other people/businesses/companies that they would also be investigating would think that theirs is the most important - that's human nature - IMHO being patient is all we can be.

Regards
James

Chaseup,
I agree with your point 100%. Yet I am not sure how we can compell them to release any info based on moral responsibility. I have never heard of a major corporation or business making any decisions based on moral responsibility. If it does not effect the bottom line then it it not normaly done. I do feel they have our funds locked up and seem to be dragging their feet on getting this investigation done.

Good point Workeasy. That is one of the main reasons the investigation is taking so long. PIPS is a small blot on their radar. Remeber that if PIPS was found a scam their would be no need to strech this thing out this long. It is in our favor that they are still investigating PIPS. This says to me PIPS is coming back and their is no legal issues or charges being filed against PIPS.

not neccessarly bburgess........ if a company is found doing the wrong thing it takes a great deal of time to prepare all the information ready for court. If it`s clean it`s relatively quick to release the said company`s books and thats that.

I hope I`m wrong!!

Hi,
I am not particularly talking about only a moral responsibility. My thought is that both Common Law and Shari a Law address this problem of delaying justice (outcome) as a legal responsibility.

Instead of the bank putting all the pressure on us, we can take an initiative, if agreed by wise counsel, to put the pressure on BN. The banks are subject to the law exactly as we are. It's just that at this stage, they have all the financial resources on their side. We can, if we chose, change that.

We can of course just sit and wait but if this is anything like what occurs with the Reserve Bank or SEC in America, we'll be waiting for three years and more with still no resolution. Chat to people who have had fund frozen in America.

I do think what is important is Bryans viewpoint on this also.

And also 300000 complainants is not a small issue for any bank. It is a major catasrophe.

Well, even though I am one of a chorus, my 2cents is that you NOT antagonize the bank OR the Malaysian government with further "communications". Please, please, please keep in mind that "additional communications" with the Bank is part of what has led to the ".....dragging out...." of this process. EVERY complaint must be examined, even if nothing is done about it. Whether or not your intentions are good and noble, this ISN'T the US system. We are not high on their priority list. Look to our own government and how they keep things locked up when they want to. Doesn't matter how much or how long you sue. All you will do is make an unpleasant situation that much worse. IMHO, this is not a wise course of action.

Arcturus

Originally Posted by chaseup

Hi,
I am not particularly talking about only a moral responsibility. My thought is that both Common Law and Shari a Law address this problem of delaying justice (outcome) as a legal responsibility.

Instead of the bank putting all the pressure on us, we can take an initiative, if agreed by wise counsel, to put the pressure on BN. The banks are subject to the law exactly as we are. It's just that at this stage, they have all the financial resources on their side. We can, if we chose, change that.

We can of course just sit and wait but if this is anything like what occurs with the Reserve Bank or SEC in America, we'll be waiting for three years and more with still no resolution. Chat to people who have had fund frozen in America.

I do think what is important is Bryans viewpoint on this also.

Bryan himself has stated again and again not to contact the bank or the authorities, because this causes only more delays and problems. That is clear enough for me, don't contact the bank.

take care

jakvp

Originally Posted by ArcturusI

Well, even though I am one of a chorus, my 2cents is that you NOT antagonize the bank OR the Malaysian government with further "communications". Please, please, please keep in mind that "additional communications" with the Bank is part of what has led to the ".....dragging out...." of this process. EVERY complaint must be examined, even if nothing is done about it. Whether or not your intentions are good and noble, this ISN'T the US system. We are not high on their priority list. Look to our own government and how they keep things locked up when they want to. Doesn't matter how much or how long you sue. All you will do is make an unpleasant situation that much worse. IMHO, this is not a wise course of action.

Arcturus

I totally agree with this,

but BM should give us an Update on the situation, it's the least he can do

Well, I am currently in a lawsuit with the city in which i live and this has been going on since 6-05 we are just in the stage of depositions and all the legal stuff it takes a long time to get any response from anyone and that is really frustrating what I thought would be over in a month or so will be a year in June and I live in the US so this thing could be a longer wait then any of us could imagine. But I think if Bryan is in the good it will take even longer the investigators don't want to be wrong. Bryan if he is in the OK, will prevail and Pips will return