Wed, 19 May 2004

Prudential receiver reported to police

JAKARTA: Around 50 agents and employees of PT Prudential reported on Tuesday a receiver of the bankrupt company, Yuhelson, to the National Police for closing the firm's operation on April 23.

Their lawyer, Petrus Bala P., said his clients accused Yuhelson of breaching Article 335 of the Criminal Code on contemptuous conduct and requested that a court replace Yuhelson.

Yuhelson had no authority to close the company's operation at that time because he had not received a court order, Petrus said, adding that the closure caused huge losses to the firm. -- JP