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Goldman Sachs rejects Indonesian businessman's $1.1 billion claim over share trade
Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for making what he called "unlawful" trades in the shares of a property firm. The U.S. bank said the legal dispute may affect foreign investor sentiment toward Southeast Asia's biggest economy. Indonesia's government has recently raised investor concerns by cutting business ties with JPMorgan over a negative research report and partially reversing a mining policy. Benny Tjokrosaputro, president director of Indonesian property developer PT Hanson International Tbk (MYRX.JK), filed a lawsuit in ... (full story)