Indonesia postpones court hearing into Goldman's dispute with tycoon

Jakarta

INDONESIA on Tuesday postponed a court hearing into a billion-dollar dispute between Goldman Sachs and a local tycoon, who says that the Wall Street giant's unit unlawfully sold shares that he owned, in the latest test for the country's legal system.

Goldman took the unusual step of counter-suing Benny Tjokrosaputro for reputational damage. The hearing on Tuesday was to have given the retail-to-property businessman a chance to rebuff Goldman's assertion. The hearing is delayed until Feb 21.