The Shame of the Manulife Case
Tuesday, June 25, 2002
Court documents from Hong Kong and Singapore reveal that there was fraud behind the Manulife bankruptcy. There are suspicions of the Gondokusumo family, lawyers, the receiver and even judges being involved.
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THE luxurious house in Singapore's Clifton Vale looks great. Inside, in addition to two cars, one can see two Malaysian bachelors reading newspapers and a gardener. Everything else is empty. For the last few weeks, the owner of the house, Suyanto Gondokusumo, has not been at home. "The master is on holiday overseas," said one of the house servants on Friday afternoon last week.
According to a banker who knows him well, this former o
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