Wallowing in Debts

DEBTS have once again become a stumbling block for the Bakrie group. When the current financial crisis hit the US and Europe, the knock-on effects also hit the business group founded by Achmad Bakrie in 1942. Bakrie’s wealth plummeted and even now it is entangled in debts of US$1.2 billion or around Rp11 trillion. These debts fall due starting this month and up until April 2009.

Not having any other better choice, the Bakrie family has been fo

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