Tricking the Taxman

Asian Agri mortgaged its assets before the enforcement of a Rp2.5 trillion tax fine, a possible attempt to evade payment before the deadline.

December 17, 2013

WHEN he was instructed to confiscate Rp2.5 trillion worth of Asian Agri's assets, Chuck Suryosumpeno tried to remain optimistic. As director of the Special Unit for Confiscated Goods at the Attorney General's Office (AGO), he believes his office can meet the target, despite the news that the company owned by Sukanto Tanoto has mortgaged the assets from its 14 companies to Credit Suisse Bank, England. "Those are not their only assets," he said last we

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