The Tycoon's Debt Footsteps

IF a contest were held to find the most slippery businessmen in Indonesia, then tycoon Sukanto Tanoto would certainly be among the winners. Just think about the fact that although he owes a mountain of debt to the state, he is still free to fly around the world. At the Indonesian Bank Restructuring Agency (IBRA), the business empire that he owns—the Raja Garuda Mas (RGM) Group—is listed as one of the largest delinquent ta

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