Unpaid Debts and a Luxury Apartment

Despite being embroiled in unpaid debts, Atang Latief was still able to buy a luxury apartment in Singapore. His fate will be determined by the end of the year.

April 25, 2006

STANDING in the elite area of Bukit Timah in Singapore, Wing On Life Garden apartments appears to soar boldly upwards. Atang Latief alias Lauw Tjin Ho has been the owner of one of the two penthouse apartments in the 30-story-building since March 13. The Bank Indonesia Liquidity Assistance (BLBI) funds debtor always stays at his new palace when in Singapore.

Atang became the focus of controversy in late January when he returned to Jakarta after a l

...

More Articles