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Bakries Backflip

Tuesday, November 28, 2006

The Bakrie Group is trying various strategies to get Energi Mega Persada unstuck from the Lapindo mudflow. If unsuccessful, Bakrie could be wiped out.

arsip tempo : 171410041790.

. tempo : 171410041790.

The Bakrie Group of businesses is currently facing its second major test. Nine years ago, when a monetary crisis hit Indonesia, the Bakrie family lost many of their companies, and their stock in Bakrie Brothers dwindled to 2.5 percent. Now, after successfully repurchasing some of their stocks, Bakrie is sinking into the hot mud pit in their gas drilling concession area in Porong, Sidoarjo, East Java.

This crisis began when hot mud started spewing

...

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