9 Million dollars withdrawal rejected

[Chrispie]

You guys read the news?

 

Retired ChungCheng High teacher in her 90's wanna close her OCBC account and withdraw her 9M deposit and it was rejected by bank.. and account kena froze.

 

Win liao lor.

 

Quote:

 

Ching-Kuo Cheng-yu

Over the nine-year teachers retirement account should be abolished, raised close to 9,000,000 yuan deposits, but the bank refused. She repeatedly to negotiate with the banks, not only to their disappointment, was the freezing of accounts. Now, she resorted to the law, to overseas Chinese back to the bank deposits.

 

General Chiang Kai-shek retired school teacher of Chinese-Huang Cheng (92 years old) in May this year, the Bank of Overseas Chinese, it is necessary to convert the single-name account with the adopted daughter Mei Xu (43-year-old, housewife) of a joint account. However, the bank does not approve.

 

In view of this, Huang Cheng decided to close the sub-accounts and time deposits from the account to more than 8,860,000 yuan to go to other banks.

 

However, in spite of Huang Cheng-repeated representations with the bank, but also through many channels, including the mandate to deal with all her daughter, a lawyer for the bank issued a letter to the Chairman of the Monetary Authority, Goh Chok Tong of state-owned Bank of Overseas Chinese Chairman of the governance and Dr. Zhang Songguang complaints that she is unable to do so Close the account.

 

Around three months, numerous letters between the two sides, Huang Cheng of the sub-account is not closed, but frozen.

 

Huang Cheng-Yu in August through the Southern lawyer filed a high court to prosecute the bank for breach of contract, ask for even the immediate benefit of this with her back to the huge deposits.

 

According to the complaint, Huang Cheng claimed that her son called for the closing of accounts for at least five times, but has repeatedly refused.

 

Bank staff sent home

 

Bank of Overseas Chinese detained for no reason to deny Huang Cheng-deposit, the bank said in defense of the book, Huang Cheng-an advanced age because they look a bit at a loss, questioning whether she has enough mental capacity (mental capacity) to make a decision.

Defense in the book quoted two examples to illustrate the bank's suspicion. First of all, the staff received a joint bank account set up the request "feel uncomfortable" because the request is the daughter of Xu Huang Cheng-Mei, Huang Cheng-rather than directly.

Second, in a joint proposal on setting up an account called for a few days later, the bank arranged for two staff Huang Cheng-to-door visits. According to the bank said that the visit further deepened their concern, as two staff members that, it seems weak and Huang Cheng-perplexed. They also claimed that Huang Cheng-can not remember at the time made an application to open a joint account.

 

The bank insisted that it is prudent to act, and a responsibility to take reasonable measures to ensure that instructions from their clients.

 

In addition, the bank has informed the son of Huang Cheng, the bank can not be sure she has enough mental capacity, she will not accept the account name in any direction. In other words, to freeze the account, Huang Cheng-mobilization can not be any deposit or withdrawal.

 

Huang Cheng-respondents to the correspondent bank of the protest: "I do not care what the reasons, my money! You (the bank) got up selling what drugs? This is unfair!"

 

Huang Cheng-husband's death 21 years ago, the couple below-knee still true, the young Xu Mei when she was adopted.

 

Xu said the United States, Huang Cheng-time deposit open accounts for nearly 10 years, in recent years because of the collective sale of an apartment and deposited the proceeds of the sale shares, compared with deposits so impressive.

 

The lawsuit has not yet tried.

 

Yu prosecution lawyers have tried to South there is sufficient evidence to the prosecution and the defense, without reasonable justification, the court need not apply to the court to summon witnesses for evidence, according to court papers only directly ruled in favor of the prosecution. Although the impromptu decision that was refused, but the prosecution has lodged an appeal.

 

Bank to the High Court application

The doctor examined the appointment of the prosecution

On the other hand, banks also make an application to the High Court, which appointed psychiatrist Huang Cheng-examination and review of all of her medical report.

 

Today, the high court will hear the application of the bank, Yu believed that the South would be a lawyer to raise objections. Huang Cheng son of the view that since she had been in accordance with the requirements of banks to provide a clinical psychologist and a psychiatrist's report should not be re-examination by another doctor, and take up their cost of another.

 

Huang Cheng-examination of psychiatrists practicing more than 30 years, he said in the report Huang Cheng-slight dementia, which affected her short-term memory, but her personality and the ability to identify the language and are not affected.

 

Clinical psychologist, also holds the same view.

 

Huang Cheng-account will be closed in this dispute, in order to make a will, and take the initiative to accept the inspection of the two experts.

[Ah_tee]

i find this article damn hard to read leh

 

is it direct translation from mandrain or something wrong with the ang moh standard,

 

 

anyone can enlighten wad is "below-knee still true" ?

[Babyckh]

ya... catch no ball..

[Wanderer]

Where did u get this article from???

 

This article is very very wrong grammatically....

[Ngck]

u use MS langauge converter ah...

 

damn confusing to read haha

[Law_ong]

kind of hard to understand but am thinking its not referring to OCBC bank leh

[Zniper]

for a while I thought is my english so lousy, but looks like I'm not the only one who feel this way... cant really catch any balls on some of the english... direct from china's website and direct translation??

[Xtrider82]

Wah piang, read till headache..

Maybe next time instead of translating to Engerish, just let us read the chinese article?

 

Anyway I read this article.. The bank's stand is that the teacher is too old, and might not be in a "right" state of mind to transfer all 9 million bucks away. They scared he kena conned, and scared the 9 million dollars disappear from their coffers.

Edited November 19, 2008 by Xtrider82

[Kanchelsk]

wher got put chung cheng n ocbc

better dun anyhow flamed them ah.. later got sue ah... careful orh...

[Leclair]

i find this article damn hard to read leh

 

is it direct translation from mandrain or something wrong with the ang moh standard,

 

 

anyone can enlighten wad is "below-knee still true" ?

 

i think it means they are still without children or in this case they did not have any children.

[Mcfguy]

i find this article damn hard to read leh

 

is it direct translation from mandrain or something wrong with the ang moh standard,

 

 

anyone can enlighten wad is "below-knee still true" ?

 

mean anything above knee got plastic surgery liao...

[Mustank]

 

same here

[Snowbell]

Is this news from China? Coz 9million yuan, not SGD.

[Roborovskii]

That's about 2 million SGD now.

[Nkps]

[Chrispie]

I cut and paste from a local news website one leh..

 

Here is another :

 

Woman's $8.8m frozen by OCBC

 

A 91-YEAR-OLD woman, accompanied by her 43-year-old adopted daughter, went to OCBC Bank in May, asking to close her account containing $8.8 million - but the bank would not let her.

 

The bank, which said it has doubts about her mental capacity to manage her financial affairs independently, froze her account despite her repeated instructions to take out her money. Madam Hwang Cheng Tsu Hsu, a retired teacher, now 92, then sued the bank to get back her locked-up funds.She first tried to apply for summary judgment - asking the court to make a determination without the need for a full trial - but this was rejected.

 

In March, Madam Hwang was seen by a psychiatrist of 30 years' experience, who assessed her to be fit to make a will despite mild dementia.

 

___________________________________________

 

I didnt realize the lousy English. It is in SGD and I read it from the Chinese papers as well.

[Chrispie]

Here is a link from New paper

 

http://newpaper.asia1.com.sg/news/story/0,...,184203,00.html

Edited November 24, 2008 by Chrispie

[Nolicense]

cannot be the bank don't have $8.8mil in the vault right? or do they?