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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Temasek loses final antitrust appeal

Posted on 25 May 2010

From Todayonline.com: Temasek Holdings has lost a final appeal in Indonesia’s Supreme Court on a ruling stating the Singapore investment company breached the country’s anti-monopoly laws, according to a statement posted yesterday on the court’s website.
The same court in Sept 2008 had rejected a previous appeal and upheld a judgment by Indonesia’s competition regulator KPPU that Temasek breached anti-trust laws by using indirect stakes in PT Telekomunikasi Selular (Telkomsel) and PT Indosat, Indonesia’s top two mobile-phone service providers, to fix prices……………………………………….Full Article: Source


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