Indonesia suing Suharto’s son $470m
6/5/08
Indoneian prosecutors said today they were suing former president Suharto’s youngest son for more than $US400 million ($470 million) over a business deal involving his failed national car project. The attorney-general’s office, acting on behalf of the finance ministry, is seeking 4 trillion rupiah in damages from Hutomo Mandala Putra Suharto, known as Tommy, and his companies. PT Timor Putra Nasional, set up by Tommy Suharto to build Indonesia’s national car, allegedly defaulted on its loans to Indonesian state banks after the 1997-98 financial crisis. But in 2003, Timor’s assets were sold to a little-known company called Vista Bella Pratama.
See: http://www.theaustralian.news.com.au/story/0,25197,23652720-12335,00.html