Reuters, 17 Dec 2008, Kevin Lim
SINGAPORE, Dec 17 (Reuters) - Great Eastern Holdings (GELA.SI: Quote, Profile, Research, Stock Buzz), the insurance arm of Singapore's Oversea-Chinese Banking Corp (OCBC.SI: Quote, Profile, Research, Stock Buzz), said on Wednesday it had an indirect exposure of about S$64 million ($43.93 million) to disgraced U.S. investor Bernard Madoff.
"The Great Eastern Group has exposure to some funds of the Fairfield Greenwich Group which has dealings with Bernard Madoff's investment securities firm," the Singapore insurer said in a statement.
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