PT AKR Corporindo Tbk (AKRA), the largest distributor of fuel in the private sector, filed a bankruptcy lawsuit against its business partner PT Kapuas Tunggal Persada (KTP), the subsidiary of PT Mutiara Bara Energy. The lawsuit reportedly stemmed from a debt dispute worth Rp19.63 billion. This is the second bankruptcy lawsuit the Company filed against it’s business partners in the past year.To subscribe please click here
