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Meanwhile Tommy Winata, the ...
Meanwhile Tommy Winata, the owner of the Artha Graha Group, has acquired 41% of tin mining company Koba Tin Indonesia, Antara reported.
"There was not much fanfare about the deal as Tommy bought the assets through the Singapore Stock Exchange," Bangka Belitung Governor Eko Maulana Ali said on Friday (15/6/07).
Meanwhile Tommy Winata, the ...
Meanwhile Tommy Winata, the owner of the Artha Graha Group, has acquired 41% of tin mining company Koba Tin Indonesia, Antara reported."There was not much fanfare about the deal as Tommy bought the assets through the Singapore Stock Exchange," Bangka Belitung Governor Eko Maulana Ali said on Friday (15/6/07).
The court has agreed to freeze ...
The court has agreed to freeze $48.3 million of Tommy's funds in
will now face civil action for the recovery of that cashas well as a criminal prosecution over his
alleged corruptmanagement of a national clove concession.
case at the State Logistics Agency
(Bulog) in which Tommy's
conviction was overturned on appeal.He
is also being investigated over the controversial Timornational car project on which he
failed to pay Rp3.2 trillion intaxes, and several other business scandals.
Extradition Talks with China
Indonesian businessman Tommy Winata
is looking to set up,sources said.Winata, the chairman of Artha Graha Group, had met with Bangka
is also looking to take up a stake at PT Koba Tin - currently 75% owned by Malaysia Smelting Corporation
and 25% by
...Tommy Winata, 44, is a well-known but controversial businessman who has close business ties with the Indonesian army, or Tentara Nasional Indonesia (TNI), as well as private businessmen and their conglomerates under former President Suharto.Tommy
,s involvement with the military started in 1972 in West Kalimantan, when he
obtained the tender to build an officers, mess in Singkawang.Although it was a small deal, he
gained recognition and later came under the wing of General Tiopan Bernard Silalahi, who was then the Secretary General of the Department of Natural Resources and Energy and also the Minister of Labour Relations.Under his military benefactor, Tommy
received lucrative contracts to help construct several military facilities in Irian Jaya (West Papua), Ambon and even Ujung Pandang (Makassar).
...Tommy then started a business conglomerate called the Artha Graha Group.
Besides general trading, it has diversified interests in property development, logging and plywood plants, real-estate development, information technology, banking and finance.Artha Graha
has more than 40 registered businesses and several dozen affiliated companies under its umbrella.Tommy
was also running a foundation called Yayasan Kartika Eka Paksi
, a retirement welfare fund for members of the Armed Forces, and was given the military,s mandate to invest in sound businesses and projects for a return on profits.Recently, Bank Artha Graha made headlines for its involvement in the unlawful detention in Jakarta of two senior Indian executives from Polaris Software Lab Ltd
, over a commercial dispute between the bank and the company.The Indian government had to intervene to secure the release of the executives.In another incident, the editor and editor-in-chief of local magazine Tempo
were physically attacked by ,thugs, believed to have been sent from Artha Graha
.The attack was apparently provoked by an article saying that Artha Graha
stood to gain from a fire that burned down a building.The article is now the subject of a libel suit that Tommy
has brought against Tempo
,reputation,, insiders believe that as long as Tommy
remains the blue-eyed boy of the military, his
fortunes will continue to shine., TS
DenPost quotes Professor Dr. I Gusti ...
DenPost quotes Professor Dr. I Gusti Bagus Wijaya Kusuma, chairman of the Center for Industrial and Energy Research at Bali's Udayana University, as alleging that well known Indonesian businessman Tommy Winata is behind controversial plans to reclaim portions of Benoa Bay's mangrove forest.
Winata, an Indonesian businessman with various hotel and property holdings including the Discovery Kartika Plaza Hotel, is also the founder of the Artha Graha Peduli Foundation .
Artha Graha Peduli Foundation - a foundation connected with Tommy Winata and the Discovery Kartika Plaza recently bestowed the title of Mangrove Ambassador on Christiano Ronaldo and coordinated the tree planting ceremony attended by the Soccer Icon and Indonesia's President Susilo Bambang Yudhoyono on June 26, 2013.