Bangkok--16 Mar--Aziam Burson-Marsteller
We continue to fully cooperate with this investigation and will provide a complete written response to the DSI. Our response will show that we acted in full accordance with the law. Lehman Brothers has been committed to Thailand’s market for more than a decade. In this transaction in particular, we believe that our purchase of the FRA’s assets in 1998 greatly benefited the Thai economy by providing the highest bid for the assets that the FRA wanted to sell. We have subsequently been informed that our bid was 26% higher than the next highest conforming bid. We expect to be fully exonerated and will vigorously contest the accusations as Lehman Brothers and its representatives have done nothing wrong.
Media contact:
K Satida or J Best
Aziam Burson-Marsteller
Bangkok, Thailand
Telephone 02- 252-9871