Law Journal
PT Pazia Pillar Mercycom, one of Indonesia’s well-known electronics retailer, escaped the threat of bankruptcy last year. That said, the Company still has many problems. The peace agreement was quickly sued by the Company’s creditors and the President Director of the Company was investigated in a criminal case. Last week, the Central Jakarta District Court registered a case mentioning the name of the President Director as a defendant in a case of alleged embezzlement, but around the same time, the Company also filed a lawsuit at the West Jakarta District Court related to the same dispute.
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