Nursalim’s Expansion in Hainan
Court has on Monday (Sep 24) sentenced Syafruddin Arsyad Temenggung, former chairman of Indonesia Bank Restructuring Agency (IBRA), 13 years prison for his decision related to liabilities of tycoon Sjamsul Nursalim more than a decade ago. The same day, Tuan Sing Holdings Ltd, a company controlled by Nursalim family, announced a major expansion in Hainan Island, China with gross development value of RMB5 billion (US$730 million).
Read More