The Jakarta-Hong Kong Alliance
An alliance was created in order to get rid of suspicions about tax manipulations by Asian Agri in these two countries.
May 22, 2007
HONG Kong was still sound asleep. It was 1:49am, November 9, 2006. However Francis didn’t have time to enjoy himself. He was sending an email to clarify a secret to his colleagues in Indonesia and Hong Kong.
The email that Francis sent to his colleagues in Asian Agri Group read something like: “Here is the GOOD NEWS. The Hong Kong Inland Revenue Department (IRD) can accept that all sales made by Twin Bonus are overseas transactions so they
...