The Sino Woods Independent Commission Written Report - Business Office 3.

Sino Forest had a uncomplicated plenty concern model. It held wood as well as thus sold the standing trees to Authorized Intermediaries. AIs (and parties related to them) ofttimes sold them the cutting rights.

Sino Forest did non ain trucks, chainsaws or employ huge numbers of people because the AIs did all that. All the things needed to run a 17 1 M 1000 tonne per twelvemonth forestry functioning were done past times the AIs.

So the AIs you lot would expression are fairly substantial organizations - bigger than Sino Forest anyway - because the AIs exercise all the work.

This makes the Sino Forest coming together amongst the AIs the critical portion of the Sino Forest investigation. This was the backbone of Sino Forest. If the AIs were phony thus Sino Forest is unambiguously fraudulent.

You tin abide by the total summary of the meetings amongst AIs here. I am but going to quote the commencement page. This is non a selective quote (check the master if you lot want).

Terms Not Herein Defined Shall Have The Meaning As Ascribed In The Second Interim Report Of The Independent Committee Of The Board Of Directors Of Sino-Forest Corporation.
Supplier #1 (OSC Supplier #1)
Location 1
Hunan City #3
(Source:  Provided past times SinoForest)
 Site did non accept signs or whatever other indication that Supplier #1 occupied
the location.
 According to an private from the neighbouring office, Supplier #1’s
portion is located on 2/F of the building.  They were unsure whether or not
people worked inwards the portion there.
 Encountered individuals who introduced themselves equally Supplier #1 staff,
including 1 who introduced herself equally the Financial Controller.
 Neighbouring occupants stated the portion was no longer used as well as Supplier
#1’s portion had moved to a novel site located on 6/F of the (redacted)
edifice inwards Hunan Location 5.
 Went to novel address as well as confirmed that Supplier #1 shared the 6/F with
Hunan City #3's Government Land Acquisition as well as Demolition
Remediation Department.
Location 2
Hunan City #3
(Source: SAIC filings)
 This was a manufacturing industrial plant life site previously occupied past times Supplier #1.
 The manufacturing industrial plant life is instantly operated past times Other Co #11, a fellowship owned past times Other
Co #12.
 According to a manufacturing industrial plant life worker as well as neighbouring occupants, Supplier #1
moved out inwards 2009.
 Neighbouring occupants referred to Supplier #1 equally "Sino-Forest's Supplier
#1" (嘉漢的供應商#1).
Location 3
Hunan City #3
(Source: Mailing address
provided past times Sino-Forest)
 Individuals identifying themselves equally Supplier #1 personnel stated that
Location three should, inwards fact, hold upwards the same equally Location 1 equally at that spot was entirely one
insurance portion edifice on the road.  The address should hold upwards (redacted)
instead of (redacted).
Location 4
Hunan City #3
(Source: Mailing address
provided past times Sino-Forest)
 This place is the same equally Supplier #10 Location 1 as well as is instantly a bank
amongst the portion inwards a higher house occupied past times the banking company itself.
 The safety guard for the banking company had non heard of Supplier #1.

It goes on:

Supplier #10 (OSC Supplier #10)
Location 1
Hunan City #3
(Source:  Provided past times SinoForest)
 This place is the same equally Supplier #1 Location four as well as is instantly a banking company with
the portion inwards a higher house occupied past times the banking company itself.
 The safety guard for the banking company had non heard of Supplier #10.
Location 2
Hunan City #3
 We could non locate Supplier #10 from the address provided.
 Neighbouring occupants had non heard of Supplier #10.

Monty Python could accept written this.



Remarkable fellowship Sino Forest: beautiful plumage.



John