Eka tjipta widjaja biography of barack

Eka Tjipta Widjaja started out selling biscuits from a bicycle rickshaw in the late 1930s. He survived wars, a revolution and a white-knuckle economic plunge to create one of Southeast Asia's largest business empires.

But then Asia Pulp & Paper  Co., the cornerstone of the Widjaja family empire and the 10th-largest paper company in the world, ran into severe debt trouble in 2001.

Many thought the clan's days among Asia's corporate elite were numbered.

Creditors wanted repayment of APP's $13.9 billion debt. They accused the family of shifting hundreds of millions of dollars from the business into offshore accounts.

About | WIDJAJA Family -Tycoon Village.com - Presidio Penthouse

Indonesian regulators seized the family-run bank, cutting off a crucial source of funds. APP's shares were kicked off the New York Stock Exchange after their value plunged to almost nothing. Environmentalists decried the papermaker's destruction of Indonesian rain forests.

Two years later, however, the Widjajas (pronounced WEE-JAI-YAHS) remain firmly in c Migrant who founded Indonesian business empire dies | AP News XUW