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There’s also the $10 billion “dollars for oil” loan between China Development Bank and Petrobas. Richard Mills makes no guarantee, representation or warranty.
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It also alleged that under the consent judgment procured at the Lagos High Court,
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I saw first-hand how a sector that had grown fat on government-supported AAA credit ratings, turned hubristic. The situation was at its worst — and most.
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A private wealth manager at the bank had a special deal to offer them. “He said there is a high-quality product,” Xing recalls. “Only elite customers can buy it.