deutsche-bank-cleared-of-conspiracy-charges

Deutsche Bank cleared of conspiracy charges

Both sides claim victory in the lawsuit alleging conspiracy to sell shares in Indonesian coal mine Adaro.
The Singapore High CourtÆs decision on Friday to dismiss a conspiracy claim against Deutsche Bank over the disputed sale of stakes in IndonesiaÆs second largest coal miner, ends one of the most colourful and watched dogfights that erupted during the Asian financial crisis.

But in keeping with the twists and turns of this plot, and the powerful public relations machines churning in the background on behalf of all the parties involved û it seems everyone is claiming victory.

First, the background - which includes a cast of characters that comprise a veritable WhoÆs Who of Indonesian businessmen. Deutsche Bank and PT Dianlia Setyamukti an Indonesian company headed by Edwin Soeryadjaya, son of Astra founder William...
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