DBS High Notes 5 Series investors form committee to seek compensation
By Liang Kai Xin/Margaret Perry, Channel NewsAsia | Posted: 27 October 2008 2153 hrs

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SINGAPORE: Some 250 DBS investors who lost money in the bank's High Notes Five Series minibonds held a closed-door meeting on Monday afternoon.

Their aim is to discuss how to ask for compensation from the bank in a more organised way.

The investors formed a 17-member committee, ahead of their scheduled meeting with DBS on Thursday.

A spokesperson for the group said she welcomed Prime Minister Lee Hsien Loong's comments on Sunday about banks needing to engage customers on the matter.

- CNA/yt