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Sinar Mas Opens Vote on the Issue of Inheritance Dispute of Rp. 600 T Eka Tjipta

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Jakarta, CNN Indonesia –

Sinar Mas Group open your voice to the problem of seizing property legacy Eka Tjipta Widjaja, their founder.

The company through Sinar Mas Managing Director Gandi Sulistiyanto stated Freddy Widjaja as the party who filed a lawsuit over the dispute over Eka Tjipta’s inheritance in the Central Jakarta District Court was an unmarried child between the founder of the Sinar Mas Group and Lidia Herawaty Rusli.

“The person concerned has obtained the right to share as the recipient of a will in accordance with the will of the late Mr. Eka Tjipta Widjaja,” he said in a statement received by CNNIndonesia.com, Tuesday (7/14) morning.


Gandi also stated that Freddy Widjaja’s lawsuit over the Sinar Mas company’s assets had no connection with the late Eka Tjipta Widjaja.

The reason is said Gandi, Eka does not have shares in the company sued.

“So the lawsuit does not have a legal basis. So basically Sinar Mas has nothing to do with Eka Tjipta Widjaja’s family matter in the lawsuit case,” he said.

Freddy Widjaja, the biological son of the founder of Sinar Mas Group Eka Tjipta Widjaja, sued the inheritance of his late father to his five stepbrothers in the Central Jakarta District Court. In total, the value of disputed company assets reached Rp672.61 trillion.

The lawsuit was registered under case number 301 / Pdt.G / 2020 / PN Jkt and addressed to Indra Widjaja, Teguh Ganda Widjaja, Muktar Widjaja, Djafar Widjaja, and Franky Oesman Widjaja.

Here is a list of heritage properties he is trying to seize:

First, assets of PT Sinar Mas Agro Resources and Technology Tbk or SMART worth Rp29.31 trillion with gross profit of Rp4.63 trillion in 2018.

SecondPT Sinar Mas Multi Artha’s assets amounted to Rp100.66 trillion with gross profit of Rp1.64 trillion.

Third, Sinar Mas Land’s assets are US $ 7.75 billion or equivalent to Rp.116.36 trillion, assuming an exchange rate of Rp 15 thousand per US dollar. Fourth, the assets of PT Bank Sinar Mas Tbk amounted to Rp37.39 trillion as of September 2019.

[Gambas:Video CNN]

Fifth, the assets of PT Indah Kiat Pulp & Paper Tbk worth US $ 8.75 billion or Rp.131.26 trillion. Sixth, PT Pabrik Kertas Tjiwi Kimia Tbk US $ 2.96 billion or Rp.44.47 trillion.

SeventhPT Lontar Papyrus Pulp & Paper Industry’s assets are US $ 1.99 billion or Rp29.96 trillion. Eighth, the assets of PT Bank China Construction-Bank Indonesia Tbk amounted to Rp16.2 trillion.

Ninth, Asia Food and Properties Limited’s assets amounting to Rp80 trillion. The 10th, the assets of China Renewable Energy Investment Limited valued at 2.79 billion Hong Kong dollars or equivalent to Rp5.3 trillion, assuming an exchange rate of Rp19 thousand per Hong Kong dollar.

Tenth, the assets of PT Golden Energy Mines Tbk are US $ 780.64 million or equivalent to Rp. 11.7 trillion. 12th, Paper Excellence BV Netherlands assets of IDR 70 trillion.

(uli / agt)

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