ID :
19276
Fri, 09/12/2008 - 21:27
Auther :
Shortlink :
https://www.oananews.org//node/19276
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SUPREME COURT REJECTS TEMASEK`S APPEAL
Jakarta, Sept 12 (ANTARA) - The Supreme Court has rejected a legal review suit filed by Singapore's Temasek Holdings Limited against a ruling by the Business Competition Commission (KPPU) that it had violated the country's monopoly and business competition law.
"(The judges) in their verdict rejected (the appeal) with improvements," Chief of Public Relations and Legal Bureau Affairs of the Supreme Court (MA), Nurhadi said here on Friday.
The ruling was decided by a panel of supreme judges chaired by Chief Justice Bagir Manan with members justice Harifin A Tumpa and Doko Sarwoko on September 10, 2008.
He said that the decision was final and binding so that other legal avenues were no longer possible.
"With the (MA) decision, the Central Jakarta district court ruling on Temasek will remain effective except point 6 of the verdict which has been revoked," he said.
Point 6 of the Central Jakarta district court's verdict mentioned conditions on the relinquishing of stake ownership of Temasek, where buyers are each limited to purchase 6 percent only of the state to be let go and the buyers might not be associated with Temasek.
"The judges abolished only point 6 of the verdict, other rulings still in the Central Jakarta district court verdict still remain," he said.
The Central Jakarta District Court found last May that Temasek had violated Article 27 a of Law No. 5 /1999 on Monopolistic and Unsound Business Competition Practices.
"Temasek Holdings and its subsidiaries violated Article 27 point (1), Law No. 5 / 1999," Presiding Judge Andriani Nurdin said.
Subsidiaries of Temasek Holdings are Singapore Technologies, Telemedia (STT), STT Communications Lted, Asia Mobile Holdings Company Pte Lted, Indonesian Communications Ltd, Singapore Telecommunications Pte Lted and Singapore Telecom Pte Ltd.
The KPPU in November last year found Temasek Holdings had violated Article 27 a of Law No. 5 /1999 and Monopolistic and Unsound Business Competition Practices.
Temasek and its subsidiaries were fined Rp15 billion.
"(The judges) in their verdict rejected (the appeal) with improvements," Chief of Public Relations and Legal Bureau Affairs of the Supreme Court (MA), Nurhadi said here on Friday.
The ruling was decided by a panel of supreme judges chaired by Chief Justice Bagir Manan with members justice Harifin A Tumpa and Doko Sarwoko on September 10, 2008.
He said that the decision was final and binding so that other legal avenues were no longer possible.
"With the (MA) decision, the Central Jakarta district court ruling on Temasek will remain effective except point 6 of the verdict which has been revoked," he said.
Point 6 of the Central Jakarta district court's verdict mentioned conditions on the relinquishing of stake ownership of Temasek, where buyers are each limited to purchase 6 percent only of the state to be let go and the buyers might not be associated with Temasek.
"The judges abolished only point 6 of the verdict, other rulings still in the Central Jakarta district court verdict still remain," he said.
The Central Jakarta District Court found last May that Temasek had violated Article 27 a of Law No. 5 /1999 on Monopolistic and Unsound Business Competition Practices.
"Temasek Holdings and its subsidiaries violated Article 27 point (1), Law No. 5 / 1999," Presiding Judge Andriani Nurdin said.
Subsidiaries of Temasek Holdings are Singapore Technologies, Telemedia (STT), STT Communications Lted, Asia Mobile Holdings Company Pte Lted, Indonesian Communications Ltd, Singapore Telecommunications Pte Lted and Singapore Telecom Pte Ltd.
The KPPU in November last year found Temasek Holdings had violated Article 27 a of Law No. 5 /1999 and Monopolistic and Unsound Business Competition Practices.
Temasek and its subsidiaries were fined Rp15 billion.
