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PRESS DIGEST-Indonesian newspapers - Sept 24

Tue Sep 23, 2008 9:59pm EDT

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Following are some leading stories in the main Indonesian newspapers on Sept. 24.

Reuters has not verified these stories and does not vouch for their accuracy. Telephone: Editorial: +62-21-384-6364. Fax: +62-21-344-8404 or Help Desk: +803-061-2124 (toll free).

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JAKARTA POST

- CITI INDONESIA SAYS NOT RESPONSIBLE FOR LOSSES OF INVESTORS

Citibank's (C.N) Indonesian unit said it acted only as a selling agent for notes issued by Lehman Brothers LEH.N, and could not guarantee any losses made by customers who bought the notes in Indonesia.

- AULIA ADMITS TO APPROVING DISBURSEMENT OF C.BANK FUND

Former central bank deputy governor Aulia Pohan, whose daughter is married to President Susilo Bambang Yudhoyono's son, told a court on Tuesday he had approved the disbursement of 100 billion rupiah ($10.7 million) from a central bank foundation. The deal is under investigation by the anti-corruption agency.

- PLOT TO MURDER HUMAN RIGHT ACTIVIST REVEALED

Top officials from Indonesia's Intelligence Agency (BIN), held a series of meetings with former Garuda Indonesia Chief Executive Indra Setiawan to plot the murder of prominent human right activist Munir, a court in Jakarta heard on Tuesday.

- INDOFOOD TO PAY $350 MLN FOR DAIRY COMPANY

PT Indofood Sukses Makmur (INDF.JK), the world's largest instant noodle maker, said it had signed a conditional sale-and-purchase agreement to acquire PT Indolakto for $350 million from Singapore-based Drayton Pte Ltd.

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INVESTOR DAILY

- SEMEN GRESIK CONSIDERS BUYBACK PLAN

Indonesia's largest cement producer, PT Semen Gresik Tbk (SMGR.JK), said it is considering buying back some of its shares and os discussing the plan with three securities companies.

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