Temasek Holdings Pte lost a final Supreme Court appeal on a ruling stating the Singapore state-owned investment company breached Indonesia’s anti-monopoly laws.Widya Utami
Bloomberg
Temasek Holdings Pte lost a final Supreme Court appeal on a ruling stating the Singapore state-owned investment company breached Indonesia’s anti-monopoly laws.
The Supreme Court in September 2008 upheld a ruling by the nation’s competition regulator, which said Temasek breached antitrust laws by using indirect stakes in PT Telekomunikasi Selular and PT Indosat to fix prices, Junadi Masjhud, a spokesman at the nation’s anti-monopoly body said in an e-mailed statement today.