Comeback Of An Indonesian Crony Capitalist
Indonesian media tycoon Peter F. Gontha stunned a meeting of Asia-based CEOs last year with a frank admission. "I'm a crony capitalist," he announced with a cagey grin. Indeed, over the past decade, he made a fortune as the right-hand man of one of the sons of former Indonesian President Suharto, Bambang Trihatmodjo. But in May, after riots forced Suharto to resign, the first family's business empire crumbled. Gontha seemed finished.
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