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BERAU’S FORMER CHIEF DEFENDS SETTLEMENT DEAL

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Paper Edition | Page: 13 Former president director of coal miner PT Berau Coal Energy, Rosan Roeslani, has defended his decision over a deal with Bumi plc, in order to extricate himself from the troubled mining group. Rosan, who served as Berau’s president director until last March, signed a settlement agreement last week with the London-listed firm to transfer assets and cash worth US$173 million as part of the latter’s attempt to recover $201 million of missing funds in its Indonesian unit, Berau Coal Energy....

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