News: 2017 » May » 18

SDP repeatedly warned about the UBS investment

18 May 2017

Singapore Democrats

The recent announcement that the GIC stood to lose in excess of $5.6 billion comes as no surprise. The Swiss bank had been plagued with problems and the SDP had warned on at least five separate occasions against the GIC investing in it.

1. As early as 2009, the SDP warned:

“Either Dr Tony Tan (who was the GIC's executive ... Read more »