Originally posted by lionnoisy:
2.What is wrong with Shin Corp investments?No risk ,no gain.
The best way not to have any problems is NOT TO INVEST OVERSEAS.
This is Thaksin and other sellers evades tax,not Temasek.
the curtains has not been drawn yet.Read news tmr for Thai will make announcement.
No venture no gain, that is quite true.
In this case, it is not a venture but a blunder as the whole investment was not properly evaluated at least to the extent of ensuring that the same political risks as found in an earlier similar foray i.e. PCCW, Optus etc would be worth it and there are no political consequences like boycotting of Singapore or corruptions involving family members syphoning out company assets incurring unpaid taxes.
The professionals involved might have a conflict of interest as they would most likely be prompted to close deals to secure their own commissions too.
There seems to be a rash investment decision in this case without exercise of acumen from a more holistic perspective. So citizens only want government or Temasek CEO and top management in view of previous similar blunders to have gone through due process and not be taken for a ride.