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Special Report: What happened at Aries Telecoms? A RM400 million loan for an incomplete fibre-optic project

ARIES Telecoms (M) Bhd, formerly known as V Telecoms Bhd, was once hailed as the first telecommunications company in Malaysia to have a regional presence in Southeast Asia with its planned US$5 billion Vasseti South Asia Network (VSAN) project. However, the mammoth undertaking, which boasted that it would have more than 30,000km of terrestrial fibre-optic infrastructure across the region, did not pan out, as Bank Pembangunan Malaysia Bhd (BPMB) found out following the conclusion of its investigations in January this year. ....

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A closer look at Bank Pembangunan's loans to Borcos, Aries Telecoms and ABN

A closer look at Bank Pembangunan's loans to Borcos, Aries Telecoms and ABN
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