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Monday, October 31, 2005

Refco Bad Debts Started With Asian Currency Crisis, People Say

An internal probe of Refco's failure found that by 2000 eight companies in the region owed it about $300 million, said one of the people, who declined to be identified because the investigation isn't public. At least a third of that amount came from Repco Holdings Bhd., a Malaysian gambling and lumber company, the people said.

posted by SARTRE @ 10/31/2005 07:23:28 AM  

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