AFP, 31 Oct 2008
HONG KONG (AFP) — Hong Kong's Consumer Council said Friday it was considering suing banks which allegedly mis-sold mini-bonds backed by failed US investment bank Lehman Brothers as risk-free investments.
The 50 cases the council was considering backing mostly concerned vulnerable elderly people who said their banks had not fully explained to them the risks involved when selling them the mini-bonds, a spokeswoman for the council said.
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