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Overseas Trust Bank
Overseas Trust Bank Limited (OTB) () was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien, a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972. It was the fourth largest bank in Hong Kong before acquisition.〔(Guoco Buys Overseas Trust )〕〔(Fishing - village boy who made good )〕
== Collapse and takeover by Government ==
On June 6, 1985, OTB suddenly announced that it was on the brink of collapse, due to its severe cash flow and bad debt problems. Bad debts held by the bank reached US$89.5 million. To recover the confidence of the public and investors of the Hong Kong banking system, the Hong Kong Government stepped in and took over OTB in the following day.〔(ICAC - The Collapse of OTB )〕 From 1985 to 1986, the government ordered the Royal Hong Kong Police and ICAC to investigate the causes of OTB downfall. In May 1986, the former chairman of OTB, Patrick C.T. Chang, was arrested at the Hong Kong International Airport reportedly with a large amount of cash and jewellery.〔(Business Notes Finance )〕 In 1987, Chang and OTB's former senior management were sentenced to jail by Hong Kong Law Court.〔(ICAC - The Collapse of OTB: The Road to Ruin )〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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