Bakrie’s Acrobatics
Wednesday, July 28, 2010
THE management of the Indonesia Stock Exchange (IDX) was furious. On Thursday last week, the stock exchange authority handed down fine sanctions of Rp500 million to three Bakrie Group companies and one other company, PT Benakat Petroleum Energy. The three Bakrie companies to be penalized were PT Bakrie & Brothers, PT Bakrie Sumatera Plantations, and PT Energi Mega Persada.
The three companies made mistakes in reporting the amount of their deposi
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