Duplicates or Just Plain Duped?
Monday, November 20, 2000
A potential benchmark sale of Indonesian assets to a foreign concern has ended in chaos and allegations of forgery. The case involves a Rp170 billion deal in shares of life assurance firm Manulife’s Indonesian subsidiary. Foreign Minister Alwi Shihab, Canada and several foreign creditors have protested.
arsip tempo : 172850915619.
Foreign investors beware. Indonesia is still a tricky place to spread your wings, even when you think you own something. And it is not just questions of law and order you should worry about. Better watch out for that deeply ingrained culture of manipulation. If you want proof, look no further than a recent deal involving PT Asuransi Jiwa Manulife Indonesia (AJMI). It ended with the buyer under arrest and its foreign parent firm accused of forging
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