Temasek Holdings invested US$106 million in Petrobras while Keppel bribery scandal was ongoing, lost US$80 million
The 13-year bribery scandal at Keppel has proven good corporate governance at Temasek-linked companies to be a myth. 20 years ago, Keppel was also involved in another bribery case. The Temasek-linked company pleaded guilty to giving $8.53 million in bribes to an Exxon employee to secure ship repairing contracts and was fined...
Tycoon Khoo laughing in his grave, StandChart stake sold to Temasek in 2006 deep underwater
The thing with our scholars is they know nothing about business. What they are good at is throwing billions in tax dollars at successful businesses in the hope that all will turn out well. But most of the time they don’t, especially when Temasek (or GIC) invests overseas because PAP is not at hand to help tweak laws...
PAP should come clean on investment returns using CPF monies
The PAP government has not been upfront and repeatedly tried to mislead CPF members. Thanks to Roy, we now know that PAP had even lied about GIC not using CPF for investment. After repeated denial, PAP was finally forced to come clean and in 2013, “admitted for the first time ever that they take the CPF of Singaporeans to...
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