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Seizure

Insider Trading?

Tuesday, November 20, 2001

Danareksa is filing a lawsuit for Rp2 trillion in compensation from its 57 creditors. It also seized the Jakarta Stock Exchange building after creditors appropriated the building's leasing revenue.

arsip tempo : 173519090725.

. tempo : 173519090725.
What is the use of seizing one's own assets? Just ask PT Danareksa Jakarta International. Last Monday, through a South Jakarta District Court order, Danareksa seized the two-tower Jakarta Stock Exchange (JSE) building complex. Danareksa owns a 45 percent share of the JSE building complex, while PT Jakarta International Hotels & Development owns the rest. Danareksa was quick to take this "self-protecting" initiative, following the appropriation o...

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