Sudwikatmono taken to court

Sudwikatmono taken to court

JAKARTA (JP): Bambang Sutrisno sued his former business
partner Sudwikatmono in South Jakarta District Court on Wednesday
for failing to pay US$10 million for the acquisition of the
plaintiff's 50 percent share in the Golden Truly Group as
allegedly agreed last September.

Lawyer Sudjono said on Wednesday he filed the lawsuit on
behalf of his client, Bambang, who is currently in Singapore.

Sudjono said Sudwikatmono, a cousin of former president
Soeharto, agreed on Sept. 8, 1997, to acquire Bambang's entire
equity stake in the Golden Truly Group for $10 million but had so
far failed to make the payment.

Last week, Bambang also lodged a complaint with National
Police chief detective Maj. Gen. Da'i Bachtiar against
Sudwikatmono for defamation, slander and contempt in relation to
the Bank Indonesia's liquidity credit to Bank Surya, which was
suspended last April.

Bambang resigned from Bank Surya's board of commissioners
immediately after selling his entire stake in the Golden Truly
Group which owned 84 percent of the bank, Sudjono said, claiming
that Bank Surya got the liquidity credit after his client had
quit the bank both as a shareholder and a deputy chief
commissioner.