The Editor
EuromoneyNestor HousePlayhouse YardLondon EC4V 5EXUnited Kingdom
Dear Sir,
In “Outwards and upwards”, you reported Senior Minister Lee Kuan Yew as telling the foreign correspondents association that “if anyone present happened to hold shares in United Overseas Bank (UOB), [he said], they might like to consider selling them,” and commented that “for Lee to say it meant there had to be a big rift between the government and the bank.”
For the Senior Minister to ask investors to consider selling the shares of a particular bank in his country would be an extremely serious matter.
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