Indonesian blues.

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  • Additional Information
    • Subject Terms:
      JAKARTA (Indonesia); INDONESIA
    • Abstract:
      The article states that over the past year, Jakarta, Indonesia, has been among the worst performers of the world's "emerging" stockmarkets. A month ago two investors, Lukman Hartono and Herlina Salim, decided to do something about it. They were well enough known, for a year they had been making purchases worth as much as $500,000 each. The counterfeit share certificates were of exceptional quality, passing ultra-violet tests for watermarks and carrying authentic names and numbers. Many had a convincing history of past transactions, with brokers' stamps recording trades on the reverse side. The counterfeit share certificates were of exceptional quality, passing ultra-violet tests for watermarks and carrying authentic names and numbers. Many had a convincing history of past transactions, with brokers' stamps recording trades on the reverse side.