American Profit, Indonesian Loss
Former finance minister Rizal Ramli apparently signed an agreement—which differed to what had initially been agreed on—to settle the payment of OPIC's claim. Was it because he was put under pressure or was it for some other reason?
August 28, 2001
THE riddle bequeathed by Rizal Ramli still remains a mystery. And the former Minister of Finance refuses to provide any explanation about this riddle, he just stays silent. On the other hand, the fate of both the Government of Indonesia and the State Electricity Company (PLN) is now just like that of a banana being crushed by a bulldozer.
It all began with the signing on 31 July of a Settlement Agreement, Assignment and Release (SAAR) docume
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