Seeking Methods of Amputation

After failing to sell Lapindo, Bakrie has apparently guaranteed all the assets of Energi Mega to Deutsche Bank. Share prices continue to be propped up.

December 5, 2006

THE war of nerves between Bakrie and the Capital Market Supervisory Agency (Bapepam) has at long last taken a break. The current score is 2:0 to Bapepam since PT Energi Mega Persada Tbk, one of the Bakrie Groups subsidiary companies, failed for the second time to sell off Lapindo Brantas Inc, this time to the Freehold Group Ltd, which is domiciled in the British Virgin Islands.

Confirmation of this was contained in a letter from Christopher B. Ne

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