Valuation of Sinar Mas Assets
Hide and Seek
Tuesday, February 6, 2001
The government and foreign creditors want to take over Sinar Mas' assets. But the Widjaya family is busy stashing away its mountainous treasure.
arsip tempo : 173515350076.
Members of the Widjaya family are in danger of becoming paupers. The wealth they accumulated over the years will soon change ownership. Since their pile of debts has been discovered and the threat of default revealed, they'll have to face domestic and foreign creditors who can't wait to take control of there assets. Their foreign debts are almost US$12 billion, with domestic liabilities of $1.4 billion.
Creditors all over the world, no matter
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