Phoenix Property Investors Reported for Embezzlement of Land Ownership Certificate in Indonesia. PT Bintang Mahameru filed a complaint towards the firm for withholding the power of attorney covering an area of 11,499 m2 which was made as unilateral collateral in the case of a dispute with its Indonesian subsidiary.
"We have indeed reported Premium Sun to the Jakarta Metropolitan Police. We will now see how the police investigation goes," stated Reza Al Makki, attorney of PT Bintang Mahameru.
Phoenix Property Investors is a Hong Kong-based real estate company established in 2002. Behind Phoenix are names of respected international financial companies acting as investors, such as Schroder Investment Management and Morgan Stanley.
Contact person for more information : Reza Al Makki, firstname.lastname@example.org.
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