HK court ends tycoon's bid to enforce $170m award

The saga began in 2010 after the failure of a joint pay-TV venture between Malaysian billionaire T. Ananda Krishnan's (top) Astro Group and Indonesian tycoon James Riady (above) of the Lippo Group.
The saga began in 2010 after the failure of a joint pay-TV venture between Malaysian billionaire T. Ananda Krishnan's (above) Astro Group and Indonesian tycoon James Riady of the Lippo Group.PHOTO: BLOOMBERG
The saga began in 2010 after the failure of a joint pay-TV venture between Malaysian billionaire T. Ananda Krishnan's (top) Astro Group and Indonesian tycoon James Riady (above) of the Lippo Group.
The saga began in 2010 after the failure of a joint pay-TV venture between Malaysian billionaire T. Ananda Krishnan's Astro Group and Indonesian tycoon James Riady (above) of the Lippo Group.PHOTO: BLOOMBERG

Ruling allows appeal by Lippo's First Media against T. Ananda Krishnan's Astro Group

A decision by Hong Kong's highest court has ended long-running attempts by Malaysian billionaire T. Ananda Krishnan to enforce a US$130 million (S$170 million) judgment against Indonesia's Lippo Group.

The Court of Final Appeal allowed an appeal by Lippo's PT First Media TBK against Mr Krishnan's Astro Group.

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A version of this article appeared in the print edition of The Straits Times on April 12, 2018, with the headline 'HK court ends tycoon's bid to enforce $170m award'. Print Edition | Subscribe