Feuding Over Timor Funds
TIMOR Putra Nasional, the automobile factory owned by Tommy Suharto, has been declared the rightful owner of a bank account in the amount of almost Rp1.3 trillion. The South Jakarta District Court issued this verdict two weeks ago in a dispute between Timor and Bank Mandiri and the government. The funds are still connected with a Timor investment loan to the government in the amount of Rp4 trillion. Why does the government keep losing these cases?
December 5, 2006
ON Friday, two weeks ago, several people rushed out of the office of Finance Minister Sri Mulyani. They had a serious demeanor, with stacks of papers clutched in their hands. Day had turned to night, but there was no sign of joy in the ministers office as the weekend approached. The head of the Finance Department had just roused some of her staff members to continue the fight against PT Timor Putra Nasional.
The reason for the charged atmosphere i
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