Hong Kong Exchanges and Clearing
Search results
Carrian Group was a Hong Kong conglomerate. It collapsed amidst a major corruption and fraud scandal. [1] History. Carrian was founded in 1977 by George Tan Soon-gin, who fled Singapore following a bankruptcy in 1974. [2] [3] In 1979, Tan acquired a holding company that became his Carrian Investment Limited (CIL) for HK$700 million.
Carrian (The Carrian Group of Companies) - a brand well known to the people of Hong Kong - went from birth to bust in four short years between 1979 and 1983. Through corruption and deception, the senior management of the Carrian Group painted a rosy yet completely imaginary picture of their company group and gave a short-lived but volatile ...
Feb 22, 2022 · The Carrian Group case is one of the largest fraud and corruption cases in the history of Hong Kong. Carrian was founded by George Tan Soon-gin in 1977 and went public in 1980 through backdoor listing. In 1982, stock price of Carrian declined due to market reasons.
Jan 3, 2024 · “The Goldfinger”, a glitzy, big-budget movie (produced in part by AMTD Group, which is also the owner of DigFin), is a fictionalized account of the rise and fall of George Tan Soon-gin’s Carrian Group. Carrian was the defining financial scandal for Hong Kong and Southeast Asia prior to the Asian Financial Crisis of 1997-98.
Jul 4, 2022 · Carrian Group was a tale straight out of a John Grisham novel, running the gamut of corruption, human greed, fraudulent accounting and false profits spanning across countries.
Mar 21, 2024 · Carrian Group was a Hong Kong conglomerate. It collapsed amidst a major corruption and fraud scandal. [1] Contents. History. Downfall. Legacy. Operations. Media portrayal. References. Bibliography. External links. History. Main article: George Tan.
Feb 24, 1986 · His conglomerate collapsed in 1983 when real estate values plunged in Hong Kong and the Carrian group was unable to pay debts of some $1.5 billion to some 40 American, Asian and European banks.
Oct 5, 2011 · The Carrian Group was a Hong Kong conglomerate founded by George Tan, a Singaporean Civil Engineer working in Hong Kong as a project manager for a land development company. The Group’s principal holding company Carrian Holdings, Ltd. was founded in 1977.
Oct 27, 1983 · The provisional liquidator of two insurance subsidiaries of the Carrian Group said he has reached provisional agreement to sell off parts of their business. In a statement, he said the Sentry...
carrian group News: Latest and Breaking News on carrian group. Explore carrian group profile at Times of India for photos, videos and latest news of carrian group.
