Carrian Group [SEP] dissolved or abolished
, the Carrian Group owned businesses in real estate, finance, shipping, insurance (China Insurance Underwriters), hotels, catering and transport, including the city’s largest-ever taxi fleet.
Carrian Group became involved in a scandal with Bank Bumiputra Malaysia Berhad of Malaysia and Hong Kong-based Bumiputra Malaysia Finance. Following allegations of accounting fraud, a murder of a bank auditor, and the suicide of the firm's adviser, the Carrian Group collapsed in 1983, the largest bankruptcy in Hong Kong.
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Carrian Group
The Carrian Group was a Hong Kong conglomerate founded by George Tan, a Singaporean civil engineer working in Hong Kong as a project manager for a land development company. The Group's principal holding company, Carrian Holdings, was founded in 1977.
In January 1980, the group, through a 75% owned subsidiary, purchased Gammon House (a commercial office building, now Bank of America Tower) in Central District, Hong Kong for HK$998 million. It grabbed the limelight in April 1980 when it announced the