By Katherine Griffiths, City Correspondent
Last Updated: 12:10am GMT 19/11/2007
Sovereign wealth fund Temasek may today be fined $5bn (£2.4bn) following a showdown with the Indonesian government over telecoms investments.
Indonesia’s competition authority is understood to be preparing to levy a heavy penalty against Temasek after the fund refused to agree to the nationalisation of two multi-million pound shareholdings it holds in the country’s largest mobile telephone companies, Indosat and Telkomsel.