Former Indonesian Minister Alleges Singapore State Investors Suppressed Stock Prices
1 report, 1 independent
Updated Oct 21
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What happened
Muhammad Lutfi, former trade minister of Indonesia, alleged that Singapore state investors, GIC and Temasek, were involved in a scheme to suppress stock prices in Indonesia. Both GIC and Temasek rejected these claims. GIC stated that its investment decisions are based on company and asset fundamentals, rather than index classifications.
From channelnewsasia.com
Why it matters
The allegations concern market manipulation within Indonesia. GIC noted that it has been invested in Indonesia for over 30 years and continues to seek out bottom-up, risk-adjusted opportunities.
From channelnewsasia.com
Who's involved
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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