Lapindo Sinks, Bakrie Sails On

IN terms of age, Lyte Limited is still a baby. Born nine months ago in Jersey, UK, the company already has to bear a monstrous burden. On the shoulders of the company with a mere capital of 10,000 pounds sterling, or around Rp175 million, are hanging the responsibilities for losses caused by the mud volcano in Sidoarjo, East Java.

This is because two weeks ago Lyte purchased two subsidiaries of PT Energi Mega Persada Tbk., namely PT Kalila Energi

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