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Disgruntled DBS victim criticises report on bungle

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DBS Bank's investigation into the destruction of safe deposit boxes was 'shocking' but not conclusive, one of the victims said yesterday.

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The summary of the report was finally released yesterday, with 28 out of 83 affected bank customers still negotiating with the bank over compensation, four weeks after the incident that saw their safe boxes dumped in a scrapyard.

At least 26 victims have accepted the $150,000 fixed payment offered by the bank as a speedy solution. Another 29 have secured private deals.

James Sung Lap-kung, one of the victims who said an explanation for the incident should come before compensation, was not satisfied with the report. He called on the police and Hong Kong Monetary Authority to step in to investigate the incident.

'How credible is it if DBS investigates itself? I find the findings in the report shocking, but they aren't in any way telling the whole truth.

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'I am not even convinced that there is no evidence to suggest there is a criminal element involved. I still believe the police should study the whole [case].' Mr Sung said he found it puzzling that bank staff had failed to pay attention to the removal work and that no one had supervised the work.

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