maaf email atau password anda salah

Other Tempo Media
Majalah Tempo
Koran Tempo
Tempo.co
Subscribe
Texmaco Assets

The Bad Boy Strikes Again

Monday, November 20, 2000

Indebted Indonesian textile conglomerate Texmaco is back in the news. It quietly transferred assets it had pledged to IBRA to another more suitable creditor. Will it ever face any sanctions?

arsip tempo : 173492217599.

. tempo : 173492217599.
Texmaco is a very bad boy. The firm just never stops making trouble, although it seems to get away with it. After hitting the headlines a few months back for abusing a pre-shipment credit worth US$900 million, Marimutu Sinivasan’s company has kept getting its hands dirty again and again. The latest ‘sin’ concerns a transfer of assets to a creditor other than the Indonesian Bank Restructuring Agency (IBRA). Texmaco has actually p...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

  • *You Save -Rp 102.000
  • *Guaranteed update of up to 52 Editions of Tempo Magazine
Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

  • *Free for the first month if using a Credit Card
Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.

More Articles

More exclusive contents

  • December 16, 2024

  • December 9, 2024

  • December 2, 2024

  • November 25, 2024

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.

Login Subscribe