Insider Trading?
Danareksa is filing a lawsuit for Rp2 trillion in compensation from its 57 creditors. It also seized the Jakarta Stock Exchange building after creditors appropriated the building's leasing revenue.
November 20, 2001
What is the use of seizing one's own assets? Just ask PT Danareksa Jakarta International. Last Monday, through a South Jakarta District Court order, Danareksa seized the two-tower Jakarta Stock Exchange (JSE) building complex. Danareksa owns a 45 percent share of the JSE building complex, while PT Jakarta International Hotels & Development owns the rest. Danareksa was quick to take this "self-protecting" initiative, following the appropriation o...