Umno sec-gen says KKB poll shows Malays now basing vote on performance and stability, but party will still push Bumi agenda
The 2021 collapse of the fund sent shock waves through financial markets and caused US$10 billion in losses for Credit Suisse, Nomura, Morgan Stanley and other leading financial institutions.“Their alleged crimes jeopardised not only their own company but also innocent investors and financial institutions around the world,” Deputy Attorney General Lisa Monaco told reporters at the time.
They also repeatedly made “false and misleading statements” to convince others to trade with and extend credit to the firm.
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