why-is-sukanto-tanoto-laughing

Why is Sukanto Tanoto laughing?

Increased loan repayments to Bank Mandiri bring a smile to Indonesia's richest citizen.
October 25, 2006
Swinging through Hong Kong this week, IndonesiaÆs freshly crowned richest citizen denied that his new status had pressured him to substantially increase the repayment of principal and interest on one of the biggest loans restructured following the 1997 Asian financial crisis.

ôItÆs not the case that having been described as IndonesiaÆs richest man by a leading international magazine, that I then felt under pressure to step up payments,ö says the pulp and paper mill magnate with a smile. ôWe have been talking to Bank Mandiri for a while now and in fact we were ready to make an announcement a while ago.ö

The background to the case is that during the go-go 1990s, Sukanto TanotoÆs...
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