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Bloomberg(Bloomberg) -- In February 2020, SoftBank Group Corp.’s Masayoshi Son visited Indonesia, offering to invest billions of dollars toward the development of a new capital city.
Among the borrowers were SoftBank portfolio companies Oyo, mobile software firm Fair Financial Corp. and modular construction startup Katerra Inc.SoftBank was also an investor in the Credit Suisse funds, leading to conflict-of-interest accusations against the Japanese firm.
It was Son’s dream that portfolio companies such as Katerra, Oyo, ride-haling startups Ola and Grab and facial-recognition firm SenseTime Group, would win contracts.
Greensill would help provide financing.Greensill’s name kept cropping up in Vision Fund meetings and presentations, according to people familiar with the matter.
And, in Germany, regulators have asked prosecutors to examine how Greensill’s Bremen-based bank booked assets tied to British industrialist Sanjeev Gupta.
Published On: Wed, 31 Mar 2021 06:30:04 GMT
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