The Dead Dreams of a Would-Be King

November 6, 2001

Not only has Sukanto Tanoto had a lot of bad luck but he is also on the brink of "collapse." Four years ago, the head of the Raja Garuda Mas (RGM) Group harbored ambitions of becoming king of the largest pulp, plywood and oil palm business in the Asian region. The Medan-born tycoon's dreams are now dead due to the current listlessness in the paper business. Several of his projects are threatened with failure and he is now up to his ears in debt tota...

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