Olam is no Enron, former Temasek managing director says

12/9/2012 | Business Times (Singapore), The

Although Olam International might be guilty of moving "a little bit too fast and too far," the company bears no resemblance to Enron, as suggested by short seller Muddy Waters, according to Michael Dee, a former senior managing director at Temasek Holdings. Olam is "a company that saw a tremendous business opportunity, to take an existing platform and grow it on the back of relatively inexpensive debt," Dee said in an interview.

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