Singapore Government Faces Intense Scrutiny Over FTX Collapse: Report
Singaporean Prime Minister Lee Hsien Loong and Deputy Prime Minster Lawrence Wong are facing intense scrutiny from the parliament over FTX investor losses and the due diligence undertaken by state-owned investor Temasek Holdings.
The opposition – Workers’ Party – has reportedly filed over a dozen of questions about Temasek’s investment while questioning the Singaporean government’s credibility in monitoring losses incurred by retail investors and also the city-state’s stance towards crypto investments in general. Questions were also raised with respect to due diligence or measures undertaken before investments in platforms such as FTX.
Source
https://t.me/Crypto_Bitcoin_Blockchain
