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 07:23:00 AM
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