SGX Market Tips : DBS loaned US$146 mil to Swiber in last two months .

SINGAPORE (Aug 2): DBS Group Holdings, Singapore’s greatest bank, made two advances to oil and gas benefits firm Swiber Holdings totalling US$146 million ($196 mil) weeks before the organization petitioned for liquidation, as per court reports seen by Reuters.

Swiber utilized the cash to recover developing bonds, an affirmation recorded by the organization’s administrator Raymond Goh appeared. These two credits, made in June and July, represented 27% of DBS’s aggregate presentation of $700 million to Swiber.

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