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The new company would receive Lernout's technology and personnel, including assets from the former Dragon Systems.
"That urgency facilitated the delivery and deployment of new military hardware, including assets more relevant to counter-insurgency operations," he said.
China's richest delegate is Zong Qinghou, boss of Hangzhou Wahaha Group, a drinks-maker, whose wealth is almost $19 billion (including assets distributed to family).
Others familiar with the matter say that Shah Wali Karzai suspects that Zamarai knows about hundreds of millions of dollars more hidden in Dubai and elsewhere, including assets in Afghan businesses and real estate.
It also has big name investors like Boeing ($100 million), Motorola ($750 million, including assets from Celestri, a planned network that was folded into Teledesic), and Prince Alwaleed bin Talal of Saudi Arabia ($200 million).
It has since snapped up chemicals plants around the world, including assets of Amoco, Bayer, Dow, Unilever and Union Carbide, and bought BP's refining business for $9bn (then £5bn).
Similar(46)
Last week she said Warnaco was reviewing all options, including asset sales and refinancing its $1.76 billion debt.
It is now focused on revenue-generating units, including asset management and corporate finance.
The regime will be extended in 2018 to cover all financial services firms, including asset managers and hedge funds.
Moreover, redesigned regulatory frameworks, phased implementation, and stepped-up supervision will gradually extend to other segments, including asset management.
The company expects the closures to cost $35 million, not including asset write-downs it may take in the second quarter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com