http://business.asiaone.com/news/blumonts-ex-director-declared-bankrupt
One year on. It appears that James Hong has been made bankrupt by all the Banks that he owes money.
Sometimes its quite tragic, banks, friends the rich and famous all flock around you when you are rich and wealthy. Yet when trouble strikes, they are the first to bail, first to "cut your throat" when you have nothing more to offer i.e. you aren't rich anymore.
While it may not appear fair to comment on this situation since the investigation is underway, I believe this story highlights something - wealth that comes easily, disappears just as quickly. To be a steward of what is given, what you have been entrusted with - it takes courage and it takes strength not to be greed, to take calculated risks and to be wary of fair weather friends who will bail.
Note: Most banks aren't your friends in the hard times.
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