Pursuits
Goldman Fights Back in Suit Against Indonesian Businessman
- U.S. bank files $1 billion counterclaim against Tjokrosaputro
- Hanson executive is suing Goldman over shares he claims to own
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Goldman Sachs Group Inc. filed a $1 billion counterclaim against an Indonesian businessman over ownership of shares in the company he manages.
The U.S. bank is seeking damages stemming from Benny Tjokrosaputro’s 15 trillion rupiah ($1.1 billion) lawsuit, which alleged that the firm improperly obtained a stake in property developer PT Hanson International. Goldman Sachs International, a London-based unit, is seeking the dismissal of Tjokrosaputro’s plea, saying it’s the legal owner of the Hanson shares, according to a copy of the counterclaim the bank filed in the South Jakarta District Court Tuesday.