Mr Lee and the conflict of interest
The Singapore Democrats point out “the hyperactive, rainbow-coloured gorilla jumping up and down, screaming and poking them in the eyes right in the middle of the living room.”
Mr Lee Kuan Yew’s appointments as an international advisor to corporations such as JP Morgan, Total, DaimlerChrysler (now defunct) and Citigroup have gone largely unnoticed by most in Singapore, until now that is. Especially noteworthy for obvious reasons is Mr Lee’s role in Citigroup. …
Maybe, the reticence is because it didn’t cross anyone’s mind that there is actually something called conflict of interest. Be that as it may, that was then and this is now. The now is when we learn that in January 2008 the GIC, chaired by Mr Lee, had poured into Citigroup S$10 billion of our funds.
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Tags: citi, citigroup, conflict of interest, gic, government investment corporation, lee kuan yew