The legal counsel of PT Central Steel Indonesia (CSI) seemed to have failed to convince the shareholders to transfer their rights to the Company’s assets for the new investors. And so the new investors may withdraw their intention to invest, in which case the Company wouldn’t have a way to pay their debts to the creditors. Meanwhile, the Attorney General’s Office (AGO)’s investigation of a graft case has led to two of the CSI’s directors being named as suspects.To subscribe please click here
