Hedge funds accused in prawn kidnap plot

Aug 4, 2009

The gloves are off in the spat between Red Dragon and international hedge funds, as the Indonesians make the case that the hedgies are using technicalities to grab their seafood.

We wrote about the travails of investing in Indonesia in July in a piece titled Hedge funds bitten by the Indonesian beast, which described the woes felt by a group of international hedge funds as their relationship deteriorated with an investment made with Red Dragon, and an underlying transaction of CP Prima shares.

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