Family Strife: Millionaire Loses Legal Fight with Children for 122 Gold Bars

By John Jeffay / January 10, 2021 / www.idexonline.com / Article Link

(IDEX Online) - A retired businessman who sued his children for the return of 122 gold bars has lost his case.Soemarto Sulistio, 87, a timber logging millionaire from Hong Kong, bought the 1kg bars jointly with his wife Soemiati in 1989.Their relationship broke down in 2012 and he transferred full ownership to her in 2016, a court heard.She died a year later and he discovered she'd left them to four of their five children - specifically excluding their son Rudy.Mr Sulistio failed in his bid to challenge his late wife's will, and went on to challenge the inheritance at the High Court in Singapore.But a judge ruled there was "sufficient and compelling evidence" that he had gifted the gold bars to Madam Soemiati, according to a report in The Straits Times newspaper in Singapore.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok