Just before 1 p.m. on June 9, 5,700 options tied to Clorox Co. were bought on U.S. markets for about $170,000. Traders snapped up the underlying stock and within half an hour, more than $450 million had been added to the bleachmaker’s shares.
Some investors may have gotten early word of changes to Federal Reserve policy between 1997 and 2013 and profited by trading before the policy shifts were publicly announced, according to Singapore-based researchers.
When Carson Block likened Olam International Ltd. to fraud-ridden Enron Corp., he challenged more than the accounting of the Singapore-based commodities firm. He also took on Temasek Holdings Pte, the government-owned investment company whose money has helped build the city-state into a corporate dynamo known as Singapore Inc.
When Sylvia Lim entered Singapore politics in 2001 as an opposition member, her father said he would visit her in jail, recalling how past adversaries of the ruling People’s Action Party were sued, bankrupted or imprisoned.
Former Singapore Central Narcotics Bureau director Ng Boon Gay was charged with four counts of corruption for obtaining sexual favors from a female information technology executive seeking contracts from the agency.