The Tycoon's Debt Footsteps
March 25, 2003
IF a contest were held to find the most slippery businessmen in Indonesia, then tycoon Sukanto Tanoto would certainly be among the winners. Just think about the fact that although he owes a mountain of debt to the state, he is still free to fly around the world. At the Indonesian Bank Restructuring Agency (IBRA), the business empire that he ownsthe Raja Garuda Mas (RGM) Groupis listed as one of the largest delinquent ta
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