Singapore Democrats, 19 Feb 2009
In December 2007 the GIC invested S$14.2 billion in Swiss bank UBS. Its deputy chairman and executive director, Dr Tony Tan, had told the world: "In the case of UBS, they have a worldwide global wealth management business which is something not replicable by any bank."
Of course not. Which bank conspires with tax cheats to hide away their money for which it now has to pay nearly US$800 million in fines?
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