Los Angeles, CA -- April 7, 2008 -- EurOrient Financial Group (“EurOrient”), a Delaware corporation, is seeking to blunt allegations published in internet libelous articles, which was posted on Yahoo and at least on a dozen other web portals alleging of maladministration by the EurOrient and by its personnel. Ms. Xiaoxi Li, the Director of Hellmuth, Obata and Kassabaum ("HOK"), the U.S. architecture, interiors, engineering, planning and consulting firm in Beijing, China believed to be the author.

In a statement prepared by the Board of Directors of EurOrient Financial Group to the press “those allegations are outrageous falsehoods and representing an obvious mistreatment and in injustice.”  

The articles were published after Ms. Xiaoxi Li, which is also known as Ms. Cecilia Lee, Mrs. Xuan K. Le and Mr. Xiaozhuang Li were named as the prime suspects for breaking into the corporate property and removing millions of dollars worth of art and antiquities, intellectual properties and other properties belong to EurOrient Financial Group and or to its subsidiaries. The breaking in to EurOrient’s property was done sometimes during the second half of the fiscal year 2006 and was uncovered in September 2006. The Crime against EurOrient Financial group is under the investigation of the Los Angeles Police Department. The Crime is considered to be one of the largest art thefts within the United States of America.

The publisher(s) of the articles accuses EurOrient Financial Group of various acts involving business and financial misconduct and also accuse Mr. Nechemia, the legendary Chairman of the Board of the Directors of EurOrient and the founding father of private sector global development banking of immoral and unethical practices. In addition, the articles attempt to create a false impression that EurOrient is experiencing serious legal issues before the Courts for security violations form a legal action which, was filed against the various subsidiaries and affiliates of the EurOrient in 2003 and EurOrient was relieved by the Court for failure to show cause (on demurrers). Similarly in the case of Ms. Xuan K. Le Vs EurOrient which was successfully defended by the Company on 10/29/07.

“Those people that disobey rule of law and making false allegations set before us the clearest of divides: between those who seek order, and those who spread chaos; between those who work for peaceful change, and those who adopt the methods of gangsters; between those who honor the rights of man, and those who deliberately take the lives of men and children without mercy or shame”, Mr. Nechemia the Chairman of the EurOrient Board of Directors said.

Mr. Nechemia added that “Today humanity struggle against all kind of terrorism: the struggle against inequality in international economic relations; it is the struggle against ignorance, injustice, discrimination, intolerance, exclusion and poverty. There will be no peace if we do not eradicate these scourges.”  

The Treasury Board of EurOrient Financial Group stresses that “the allegation of misconduct and maladministration are serious and are matters of great and legitimate interest to the public at large, in developing countries and to economies in transitions as well as the United States. They demand a full inquiry that is efficient and comprehensive, yet fair and impartial toward each individual and entity with the scope of the investigation. In the limited time ahead, our aim is to provide the international community with a full accurate accounting of what occurred and results of the investigations and any other action that might be taken. That work must not be impeded.” Further reports will be dependent upon substantive finding on those matters.

EurOrient Financial Group is a private sector global development finance institution. Its mission is to mobilize financial, technical and human resources for the benefit of developing economies seeking sustainable economic development and poverty reduction. EurOrient invests in projects and programs that promote social development, build human capacities, and address host government priorities for investments in physical infrastructure that promotes and enhances social development. These projects include roads, transportation and communication systems, water, sanitation and other types of investments with social development outcomes such as improved quality of life and increased human knowledge and skills.

EurOrient at Glance
Headquarters:          Los Angeles, California
Website:                  www.eurorient.org
CEO:                     Mr. Ron Nechemia
Contacts
EurOrient Financial Group
Email: mail to:      This email address is being protected from spam bots, you need Javascript enabled to view it
Copy Rights Noticed COPYRIGHT © 2008 EurOrient Financial Group