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Texmaco

`Royal' Dispensation

Tuesday, April 15, 2003

Bank BNI's L/C facility to the Texmaco Group has again stalled. Who is responsible?

arsip tempo : 173515128470.

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ONCE you prove untrue when put to the test, for the rest of your life no one will trust you. This old saying—sorry to say—does not apply to Texmaco. What's more, if words were bullets, this saying would itself immediately ricochet after Texmaco has now strayed for the second time. This company owned by Marimutu Sinivasan has apparently acquired an invulnerability that has no peer in this country.

The crux of this story is that, even

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