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Bankruptcy

Probing for an Escape Route

Tuesday, July 24, 2001

Once again, Kim Johanes faces the threat of being declared bankrupt, this time over a Rp5.2-billion debt. Kim could find these charges more difficult to dodge than previously.

arsip tempo : 173230598869.

. tempo : 173230598869.
Kim Johanes Mulia, a prominent conglomerate businessman during the New Order regime, is just one step away from being declared bankrupt. Last week, Irie Lumber from Japan and Century Wood Products from Singapore, filed a joint lawsuit at the commercial court against Kim, owner of the Detta Marina group. As Kim's former creditors, Irie Lumber and Century Wood requested the court to annul a settlement agreement with Kim, following default in pa...

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