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To: TobagoJack who wrote (54047)10/6/2004 3:57:17 PM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
ROFL! I wonder how many of these folks lost their gold?

Bank Safe Boxes Crushed As Scrap Metal (in Hong Kong)
story.news.yahoo.com

Wed Oct 6, 2:22 AM ET

By DIRK BEVERIDGE, Associated Press Writer

HONG KONG - Safe deposit boxes from a bank branch in Hong Kong were taken away and crushed as scrap metal, leaving customers angry at the loss of their valued possessions, executives acknowledged Wednesday.

Embarrassed bosses at Singapore-based DBS Bank (Hong Kong) Ltd. say they will repay customers for their losses after 83 boxes filled with valuables were removed Saturday by a contractor during renovations then dumped and compressed in a junkyard.

Workers scrambled to recover cash, crucial documents and smashed jewelry from the scrap heap, but DBS said it's too early to say what its liabilities will be. Local media have predicted it will come to millions of dollars.

"It's a very unfortunate and regrettable incident," DBS spokeswoman Catherine Ong said Wednesday.

Ong acknowledged the bank might face difficulties in ascertaining exactly what had been inside the boxes. The bank believes the mix-up was the result of human error, with no foul play suspected, Ong said.

As soon as the problem was discovered, bank employees and workers of a Japanese safe deposit box company, Kumihara, rushed to the scrapyard to see what could be salvaged, Ong said.

"We have recovered some of the valuables like certificates, some cash and jewelry and the recovery process is still going on," Ong said. Some of the jewelry had been smashed, she said.

The 83 boxes were removed, along with 837 empty ones, as the bank was expanding the size of a local branch and replacing older, small safe boxes with new, larger ones.



To: TobagoJack who wrote (54047)10/6/2004 7:48:00 PM
From: Joe S Pack  Respond to of 74559
 
Jay,
Here is the world's largest gold coin worth $500K USD wighs about 31KG (68lbs). Erita might like it when she has to trade sometime in future. Only 15 of them and it looks like most have been already sold to big sharks.

news.bbc.co.uk