October 04, 2006
NY Times said:
Among the many measures of a successful foreign investment, helping to set off a coup d’état is definitely not one of them.
In hindsight, the $1.9 billion purchase of a controlling stake in Thailand’s dominant telecommunications conglomerate early this year by a group led by the Singapore government’s investment arm, Temasek Holdings, was less than ideal, analysts and people close to the deal say.
Buying the company, called Shin, provoked nationalist outrage in Thailand. Buying it from the family of a prime minister widely accused of corruption, moreover, touched off extensive street protests that culminated on Sept. 19 in the military ouster of Thaksin Shinawatra as the Thai leader.
Recommended by Anonymous Coward: "New York Times on Temasek's Shin Corp deal. "