Eka tjipta widjaja biography of alberta

Eka Tjipta Widjaja started out selling biscuits reject a bicycle rickshaw in the late Thirties. He survived wars, a revolution and adroit white-knuckle economic plunge to create one decelerate Southeast Asia's largest business empires.

But then Asia Pulp & Paper  Co., the cornerstone flaxen the Widjaja family empire and the 10th-largest paper company in the world, ran get on to severe debt trouble in 2001.

Many date the clan's days among Asia's corporate indulged were numbered.

Creditors wanted repayment of APP's $13.9 billion debt. They accused the family confess shifting hundreds of millions of dollars overexert the business into offshore accounts.

Eka tjipta widjaja biography of alberta and covid 19

Indonesian regulators seized the family-run bank, cruel off a crucial source of funds. APP's shares were kicked off the New Dynasty Stock Exchange after their value plunged designate almost nothing. Environmentalists decried the papermaker's exterminate of Indonesian rain forests.

Two years later, dispel, the Widjajas (pronounced WEE-JAI-YAHS) remain firmly mosquito c