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Goldman Sachs ordered to pay 321 billion rupiah to Indonesian tycoon

Jakarta judge says US bank's stake in PT Hanson, a property developer, was improperly obtained

Jakarta

AN Indonesian court ruled against Goldman Sachs Group Inc and ordered it to return shares of PT Hanson International to its founder Benny Tjokrosaputro.

Goldman must pay 320.8 billion rupiah (S$32 million) in material damages to Mr Tjokrosaputro for an "illegal transaction

sentifi.com

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