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Bankruptcy

Goldfingers?

Tuesday, June 25, 2002

How binding are bankruptcy declarations? Although the Supreme Court has declared Itamaraya bankrupt, its shares remain listed on the JSE.

arsip tempo : 173510939776.

. tempo : 173510939776.

LAST week, a crowd of visitors packed the Surabaya showroom of East Java's largest gold trading company, Itamaraya Gold Industry, to attend a gold jewelry exhibition. Although the Supreme Court (MA) recently declared Itamaraya bankrupt, the exhibition was a success. Despite the MA's declaration, Itamaraya continues its gold production and trading activities.

According to Agus Triano from Itamaraya Corporate Security, the MA's declaration grea

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