Hiding in Plain Sight

Big debtors seem to have no shame: when their debts pile up, they just become Singaporeans. But legal action can still be taken against them.

April 13, 2004

HE still owes around Rp700 billion in debts, but that debtor has managed to become a citizen of a neighboring country. To state-owned finance company, PT Bahana Pembinaan Usaha Indonesia, this means the recovery of debts owed by Agus Anwar alias Tiong Oen will become even more difficult. The change in his citizenship, therefore, must be prevented, by refusing to recognize Agus Anwar's relinquishing of his Indonesian citizenship. But this wou

...

More Articles