Singapore Govt-owned telco giant Optus accused of making illegal donations to Australian political parties
Investigative news outlet Klaxon has uncovered a scandal involving Optus, a majority Singaporean Government-owned telco giant operating in Australia, that allegedly made almost AUD 70,000 in illegal political donations to Australian political parties, which is prohibited under Australian law. Singtel, which fully owns Optus, is itself 52% owned by Temasek Holdings, a company that is 100% owned and controlled by the Singaporean Government, meaning Optus appears to meet all five criteria under Section 70.1 of the Criminal Code, which defines a “foreign public enterprise”.