In January 2013, Temasek director Glenn Corrie informed the company that he would be joining “Ophir Energy Plc as a commercial director based in London”. (“Director of energy investments at Temasek Holdings resigns“)
Coincidentally or otherwise,Temasek purchased a 20% interest in Tanzanian Blocks 1,3 and 4 from … Ophir Energy Plc for $1.6 billion 10 months later.
Ophir’s share price has since collapsed and it appears that Temasek has lost the entire investment of $1.6 billion.
Was Temasek scammed?