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Time: 2009-03-16 08:41 source: Daily Times Author: Indonesia Daily Times: click on the domestic sports shoes manufacturer Adidas PT PrimaI nreksa Industries (PII), because owed more than $37 million in debt, are facing bankruptcy proceedings. The plaintiff is the company's supplier of leather raw materials, CVCisarua, as well as the state-owned bank of indonesia. PII is still not paying its debts. This Tuesday CVCisarua company lawyers Jaccoud booth on Indonesia domestic sports shoes manufacturer Adidas PT PrimaI nreksa Industries (PII), because owed more than $37 million in debt, are facing bankruptcy proceedings. The plaintiff is the company's supplier of leather raw materials, CVCisarua, as well as the state-owned bank of indonesia. PII is still not paying its debts. This Tuesday CVCisarua company of Jaccoud attorney's "Jakarta post" reporter said: "the lawsuit is our final rights means. We tried to settle out of court, but ended up with the PII company saying it had no money to pay its debts." The legal process, he says, is because PII is still in operation and employs about 5000 workers, which is not in line with its lack of funds. (editor in chief: admin)
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