• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Beyond Covid-19 Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Search
  • Menu
You are here: Home1 / News2 / Product News3 / Detention Order For GT Tycoon

Detention Order For GT Tycoon

Date: 30th November 2001 Author: Tyrepress Editors Comments: 0

Gajah Tunggal President has been issued with a 20 day detention order, according to a report in the Straits Times newspaper. The order concerns charges of money-swindling, going back some time. Some Indonesian businessmen have expressed surprise and concern over the action, as a few months ago, Indonesian President Abdurrahman Wahid suspended the investigation into Mr.

Sjamsul and two other businessmen. The renewal of the investigation has led some to speculate that there might be a political motive behind the action, as a number of prominent businessmen are said to be backing the opposition in Parliament. Mr.

Abdurrahman has been accused in the past of being involved in financial scandals. The investigations centre round the equivalent of US$ 3.6 bn (4 bn Euro) bail-out money received from the state by the BDNI bank between 1997 and 1999.

A separate report in the Straits Times says that Mr. Nursalim had earlier agreed to hand over some of the group’s assets in Indonesia to the Indonesian Bank Restructuring Agency as part of a settlement agreement. Among these assets are a cable producer (GT Kabel Indonesia), a plastics and polyester manufacturer (GT Petrochem), the world’s largest shrimp farm and tyre manufacturer Gajah Tunggal.

Related news:

  1. Gajah Tunggal Posts a Drop in Net Profit
  2. Gajah Tunggal Boosts Profits with Increased Sales, Reduced Expenses
  3. Gajah Tunggal joins Indonesia’s LQ45 stock index
  4. Gajah Tunggal Bond Top Up Attracts $1 billion
Comments
Comments closed
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Related Tags

agreement, financials, Gajah Tunggal, Indonesia, investigation, Report, USA

Advert Location 28

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Agritechnica 2001 Dunlop and the End of the Spare Wheel
Scroll to top