Ridlatama, Techno Coal mediation fails

Tuesday, February 28 2012 - 06:33 AM WIB

PT Ridlatama Trade Powerindo's shareholders, Ani Setiawan and Florita have failed to settle a legal conflict with PT Techno Coal Utama Prima and PT Indonesia Coal Development over their share transactions in the coal mining firm.

Filipus Arya Sembadastyo, the lawyer of Ani and Florita, confirmed the failure.

With the failure of the out of court settlement, the legal suit made by Ani and Florita will proceed to court.

"Next week (March 8) the accused (PT Techno Coal Utama Prima) will present their response in court," Filipus told Bisnis Indonesia on Monday.

He said that he was ready to represent his clients, Ani and Florita, through the court legal process. But he noted that his side is still open out of court settlement.

"A mediation is still open. We can still settle the conflict amicably out of court. But all depend on our clients," he said.

Ani and Florita claimed as the owner of 100 percent shares of PT. Ridiatama Trade Powerindo, denying that PT Techno Coal, as the accused in the legal case, had acquired all of their shares in PT Ridiatama and made all of payments for the acquisition.

The accusers said that PT Techno Coal Utama Prima had violated the law by acquiring 75 percent or 7,500 shares of PT Ridlatama Trade Powerindo through a certificate of grant on November 26, 2007.

They said that making the share acquisition through a certificate of grant violated the law because it made no payment as required by the law in any transaction of shares acquisition.

They said that until now they had not received any payment at all due to the acquisition of shares in PT Ridlatama.

Contacted separately, Fredrik J. Pinakunary, the lawyer of the accused, PT Techno Coal Utama Prima, also cofirmed the failure of the mediation.

He said that he was currently in discussions with his client to make their own response to the legal suit by Ani and Florita.(*)

Share this story

Tags:

Related News & Products