First Resources, Martias, & Surya Dumai
First Resources Ltd is a newly listed company in Singapore, while PT Surya Dumai Industri Tbk has been kicked-out from Indonesia Stock Exchange (IDX). Both are related because Martias, convicted in a corruption scandal, is founder/owner of Surya Dumai. While his son Fangiono controls First Resources.
Martias, Fangiono & First Resources (2)
First Resources Ltd has lost its value by 33.7% in the last two trading days. It is on the verge of losing 22% of its assets as Corruption Eradication Commission (KPK) is about to auction off 19 assets seized in relation to Martias, founder and former shareholder....
Asian Agri tax evasion evidence found
Tax Office claimed it had found strong evidence of tax evasion committed by Asian Agri, a subsidiary of RGM International controlled by tycoon Sukanto Tanoto, Koran Tempo reported today. The result of months of investigation would be announced in the next two weeks....
The Family Feud: Bumi Laut Group
Bumi Laut Group is a leading shipping and logistic services group controlled by Singgih family. But in the last two months, family members have been involved in a bitter fight over the groups wealth and management. Established in 1922, the group?s cohesiveness is a...
JOURNAL OF LAW
In this edition we highlighted the cases of Lion Air vs its pilot, the long legal battle between Benua Indah Group (plantation company) and state bank Mandiri, and Bali Turtle vs Ocean Construction. Lion Air vs Pilot The lawsuit of PT Lion Mentari Airlines, the...