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Malaysia’s Investment Fund Disaster
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Malaysia’s Investment Fund Disaster

John Berthelsen's avatar
John Berthelsen
Dec 08, 2014
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Asia Sentinel
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Malaysia’s Investment Fund Disaster
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In 2008, a boisterous young man by the name of Jho Low Taek, a Penang-born Wharton grad with a taste for Cristal champagne and Broadway blondes, approached Malaysia’s Terengganu state government with a proposal to use the state’s authority to sell RM10 billion (US$2.87 billion) in bonds to start a state-backed investment fund.

That proposal has led to wh…

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