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The Timor Currency Carousel

Tuesday, December 18, 2007

Evidence is getting stronger that Tommy Suharto was behind the company that bought Timor company assets. The transaction could be canceled.

. tempo : 178041892714.

THE 10-centimeter-thick document sat on the table. It contained various files connected with a purchase agreement for a government accounts receivable claim against PT Timor Putra Nasional, a company owned by Hutomo Mandala Putra. Among the documents was evidence of a transfer of funds from Timor to PT Vista Bella Pratama, the purchaser of that claim worth Rp4.5 trillion.

“This indicates that there was a connection between Vista Bella and Timo

...

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