The Jakarta Post, 26 May 2009
Temasek holdings Pte, the Singapore-based investment giant, has restarted its legal battle over allegations it had breached the country's antimonopoly laws by registering a case review with the Supreme Court while insisting its innocence.
Late last year, the Supreme Court in principle upheld a decision by a lower court which ruled that Temasek was guilty of violating the antimonopoly law through its cross-ownership in the country's two largest cell phone firms - PT Telkomsel and PT Indosat, as alleged by the Business Competition Supervisory Agency (KPPU).
The cross ownership, according to the KPPU, could have led to prices fixing.
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