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My career in investment banking ran from 1970 up to 1987, when I sold my interest and "retired" for the second time (I'm on my fourth retirement and, although consulting part-time, I am strongly considering starting another business with employees and equipment and real estate.) I have a suspicion what you may mean by "behest loan transaction" by parsing the individual words, but I tell you truthfully I never saw or heard that phrase until seeing it in your post. Why don't you detail your understanding of the term? - Perhaps I know it by a different term.
Please follow the below links that describes what exactly it is. I'm sure you know it by a different term.
http://newsinfo.inquirer.net/72309/%e2%80%98b%e2%80%99-behind-behest-probed
http://www.philstar.com/Article.aspx?articleId=734850&publicationSubCategoryId=63
Let me give a summary of said links. They (Senate) are currently conducting an investigation on the alleged questionable loans and other similar transactions with government banks and institutions which were done under a "cloak of confidentiality." It was revealed that a certain company (Company A) was able to get two behest loans worth of millions of peso from a certain bank (Bank A) in just two days and despite having only a very small paid up capital. The loan was used to buy shares of a mining company.
Another company (company B) which managed to get millions of peso loan from the said bank (Bank A) and another millions of peso from another bank (Bank B) despite having a very small paid up capital. The loans were used to gain control of a certain rail transit company.
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I've just looked up Behest on the The American Heritage Dictionary and Collins Thesaurus.
be·hest (b
2. An urgent request: I called the office at the behest of my assistant.
[Middle English bihest, vow, from Old English beh
The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved
behest
noun at someone's behest at someone's command, by someone's order, at someone's demand, at someone's wish, by someone's decree, at someone's bidding, at someone's instruction, by someone's mandate, at someone's dictate, at someone's commandment He did it at his wife's behest.
Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002
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