Central Jakarta district court has ended the debt suspension process against Hanson International and declared co. bankrupt, according to stock exchange filing.
- Court issued ruling in Aug. 12 session, co.’s director Hartono Santoso said in filing submitted to stock exchange on Aug. 29
- Co. to take legal measures in accordance with bankruptcy and debt suspension law
- NOTE: Co.’s is controlled by businessman
Benny Tjokrosaputro , arrested as part of investigation over mounting losses of state insurer PT Asuransi Jiwasraya - NOTE:
Indonesia Cracks Down on Stocks at Center of Insurance Scandal
To contact the reporter on this story:
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.