Temasek to Defend Against Indonesia Anti-Monopoly Ruling

Singapore's state investment firm Temasek Holdings said on Wednesday that it would defend itself against the findings by Indonesia's anti-trust body KPPU that it had violated the country's anti-monopoly laws.
"Temasek Holdings will vigorously defend its legal rights at all opportunities and in all available legal forums. As legal counsel for Temasek Holdings, I will be seeking clarification from KPPU on this matter," Temasek said in a statement to Reuters, quoting its lawyer Todung Mulya Lubis. "The claims against Temasek Holdings are baseless and without merit," the email said. [more, cnbc]