Mysterious Bad Loan

The King of the Golden Garuda group is on the ascent again. Yet its debts at Bank Mandiri are bad and must be cancelled.

February 11, 2003

For Sukanto Tanoto, life is not over yet. At first, it was thought that the owner of the Raja Garuda Mas (RGM) Group would disappear under a compost of debts. However, the Medan businessman seems set on proving this particular prediction wrong. Sukanto has shown himself capable of escaping his rotting heap of debts amounting to tens of trillions of rupiah which have nearly sunk his business empire.

These next few weeks will see the RGM ban

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