When the government decided to offer new shares, some of them were bought by Mr Tan direct, and the rest were acquired by four special-purpose companies that were financed, it turns out, by loans from banks linked to Mr Tan.
Eximbank loans are scheduled to be disbursed to so-called "special purpose entities" in Russia or artificial constructs which are supposed to provide the patina of private enterprises.
Eximbank loans are scheduled to be disbursed to so-called "special purpose entities" in Russia -- or artificial constructs which are supposed to provide the patina of private enterprises.