Franky Tjahyadikarta, the figure behind some of Indonesia’s most luxurious travel stays, including PT Bukit Uluwatu Villa Tbk (BUVA), previously managed to go through a debt restructuring process and reach peace agreement with the majority of his creditors in July 2022, but this situation did not last long. In early April 2023, PT Bank Artha Graha Internasional Tbk (INPC), controlled by Tomy Winata, once again filed a PKPU lawsuit against Franky and Okie Rehardi Lukita, president commissioner of the company. This is the fifth lawsuit filed by Bank Artha Graha in the last four years.
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