This was posted by Rocky’s Bru today about the Malaysian energy company’s subsidiary in Indonesia. The news comes on the heels of how Singapore-owned banks have been performing poorer than the same quarter last year:
Tenaga Nasional Bhd’s president and CEO, Che Khalib Mohd Noh, or CK, has been hearing some bad news from the utility giant’s troubled Indonesian subsidary Tenaga Coal International Ltd.
They included a possible lawsuit by the Indonesian partner Robert Priantono Bonosusatya, unauthorized withdrawals amounting to millions of US dollars from the company’s accounts, police reports and security threats facing employees, unauthorised coal sale to a third party, frequent advances to the company’s directors, etc.
Tenaga’s losses due to divestment in this sick baby could reach a quarter of a billion ringgit.
Another red blot on CK’s KPI.
Unspun 
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