We refer to the report, ‘GE offers to return $250m to investors’ (Aug1).

Our association wishes to congratulate Great Eastern (GE) Life for the courage and determination to live up to the honourable tradition of the late Tan Sri Tan Chin Tuan, who had been its chairman for 42 years and who had steadfastly upheld his principle of integrity and uprightness in business practice all through his corporate career.

As the highly respected doyen of Singapore’s banking and financial industry, he always placed the customers’ interests before all else.