Most countries would not allow a holding company to trade
shares in its smaller subsidaries. I presume this also
applies to Indon.
Let's us look at things in the right perpective. If, indeed,
Termasek erred by holding excessive (illegal) shares on the smaller
companies, would Indon merely charge Termasek
for anti-monopoly practice? It is a criminal offence.
Indon would haul some big fish arse to jail! Maybe Ho Ching is
too big a fish to haul but certainly they can haul some
high ranking executives to
jail.
Clearly from the way Indon pressed their charges and from the
multi-reports that came out of the press and the court, there was
no evidence of illegal share holdings. So why conjucture
it?
Enough said.
the issue now is not about right and wrong. the indonesian
court has already ruled against temasek. so what else can
they do but pay the fine?
not happy dont do business there is what they're gonna tell
you.
just pay and get it over and done with unless there is another
avenue of appeal.