PAP having party while investors cry for help at Hong Lim
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Special Purpose Vehicle or Scorpion Poisonous Venom?
Many investors were reportedly misled to think that these mini bonds were issued by the Lehman Brothers. The truth is that these bonds are invested in SPVs registered in places like British Virgin Islands (BVI) or Cayman Islands. The SPVs are run by the Lehman Brothers to invest in high-return assets.
toquan084 3 years ago