Family Strife: Millionaire Loses Legal Fight with Children for 122 Gold Bars
January 10, 21 by John Jeffay
(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 a
nd 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.