oa De Rebus - Chinese walls

Volume 1999, Issue 383
  • ISSN : 0250-0329



Prince Jefri, brother of the Sultan of Brunei, has become well known in recent years for high spending. He served for more than ten years as head of the Brunei Investment Agency (BIA) (essentially the Sultanate's treasure trove) and as Finance Minister, in which capacities he managed the vast accumulation of funds that Brunei's oil revenues generated. Brunei's economy slumped and Prince Jefri was blamed for much of his nation's consequent economic travails. In 1997 he was fired from those positions. Relations between him and the Sultan became strained.

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