By Ardi Wirdana
A recent report suggested that Singapore-headquartered Grab has acquired a stake in OVO, which is owned by Indonesian conglomerate Lippo Group.
Hennepin County Attorney Michael Freeman said there were “profound evidentiary problems which would have made it highly unlikely that any criminal charge could be proven beyond a reasonable doubt.”
The world’s fastest growing source of mega-wealth hit a speed bump this year. The 128 people in Asia with enough money to crack the 500-member Bloomberg Billionaires Index lost a combined $137 billion in 2018, the first time wealth in the region has dropped since the ranking started in 2012…. Read more »
Malaysian prosecutors charged the second former Goldman banker, Roger Ng, a Malaysian, with four counts of abetting the bank to provide misleading statements in the offering prospectus for the bonds that the bank helped sell for 1MDB.
Earlier, Bansal would have received cash from Walmart for over half of his 4-4.5% Flipkart stake worth over $850 million after August 2020.
Almost 50 bankers in Hong Kong and Singapore have left in the past six months, or about 30% of the investment-banking workforce before the departures.
Binny Bansal is reportedly working on his next venture that will offer technology tools and learning and consulting services to growth-stage startups that are looking to scale up.
Kashyap will lead MobiKwik’s payment gateway vertical and also head the company’s international expansion plans.
Early-stage global venture capital firm DCM has promoted Ray Zhao in China and Kyle Lui in the US as partners.
Pierre Poignant, the company’s executive president, will succeed Lucy Peng as CEO with immediate effect, Lazada said.