As a nation, have we independently assessed the ramifications of selling off our strategic assets to foreign competitors? Anyone in the country has done any proper due diligence towards the potential foreign buyers?
Some interesting articles relating to the final remaining foreign bidders as reported in the press:
Refer to https://www.facebook.com/arriumasu/
Senator Sinodinos reportedly said the international bidders — understood to be British steel and commodities trading company Liberty House and its stablemate company SIMEC, and an entity led by South Korea’s Posco — were “credible”.
Until we see these credible reports...
http://m.koreaherald.com/view.php?ud=20170217000605
http://www.businesskorea.co.kr/engl...xecutives-force-subcontractors-overseas-offer
http://www.koreaobserver.com/posco-...e-slush-funds-engineering-construction-26972/
POSCO E&C, a construction arm of Korea’s largest steelmaker POSCO (POSCO is one of the two foreign bidders to buy Whyalla Steelworks and all the steel and mining assets of Arrium), has been under investigation for creating slush funds worth 10 billion won ($8.9 million) according to The Korea Observer.
http://www.dailymail.co.uk/news/art...l-named-Panama-Papers-leak-offshore-firm.html
Founder of Liberty House who reportedly bidding to buy Arrium Australia Whyalla Steelworks and all the Arrium steel and mining assets is named in Panama Papers leak over offshore firm according to Daily Mail!
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