Temasek loses final appeal on Indonesian anti-monopoly ruling

May 24, 2010
Singapore Democrats

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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.

http://www.businessweek.com/news/2010-05-23/temasek-loses-final-appeal-on-indonesian-anti-monopoly-ruling.html