BIA won't review $80M tribal loan

BIA won't review $80M tribal loan

TUESDAY, NOVEMBER 12, 2002

Malaysian billionaire Lim Kok Thay is loaning the Seneca Nation of New York $80 million so the tribe can build a casino in Niagara Falls.

The loan carries a whopping 29 percent interest rate. A lawyer for Lim said the venture is high-risk.

The Bureau of Indian Affairs doesn't plan on reviewing the deal, a spokesperson said.

Get the Story:
Asian billionaire bets Falls casino is a winner (The Buffalo News 11/12)

Relevant Links:
Seneca Nation - http://www.sni.org

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