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Sovereign Wealth Funds Briefing - Categorized | Market, People

Olam not similar to failed Enron, says ex-Temasek director

Posted on 07 December 2012

Olam International Ltd. (OLAM), the commodity trader that Muddy Waters LLC said may fail, isn’t another Enron Corp., according to a former senior managing director at Temasek Holdings Pte.
“I completely reject” the Enron comparison made by Muddy Waters, Michael Dee, who worked at Temasek from 2008 to 2010, said.Olam is “a company that saw a tremendous business opportunity, to take an existing platform and grow it on the back of relatively inexpensive debt. And perhaps executed that a little bit too fast and too far.”……………………………………….Full Article: Source


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