Investments in Hot Water
Hundreds of billions of rupiah in investment funds belonging to state-owned enterprises and private insurance companies are held up in PT Optima. The global financial crisis is cited as excuse.
November 10, 2009
INVESTMENT fund affairs have turned Achmad Kuntjoro’s life upside down. From a respectable position, the Finance Director of PT Kereta Api Indonesia is officially detained in a prison cell at the West Java Regional Police. Wednesday night two weeks ago, he was arrested after being interrogated for eight hours, and today has to share a cell with nine other detainees. T-shirt, shorts, and thong sandals have become his daily “uniform.”
The We
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