INDIA: Former TTP Executives Accused of Corruption in Awarding $US 58 mn Contract

摘要

Mr S. Jayan (of the CITU) said: "The proposed project will lead to the closure of the company. The management plans to implement this project by raising InRp 854 million from equity and InRp 1.7 billion from loans. TTP's net assets are worth InRp 500 million, so trying to raise InRp 854 million by issuing more equity will only be opening the doors for disinvestment. And the burden of repaying the huge interest and principal on a loan of InRp 1.7 billion will surely affect the survival of TTP as a profit-making PSU."