Tribunal challenged

PUBLISHED : Thursday, 09 May, 2002, 12:00am
UPDATED : Thursday, 09 May, 2002, 12:00am

A 'woefully' designed ordinance allowed the Insider Dealing Tribunal to breach principles of fairness and draw people into an inquiry midway through proceedings, the Court of First Instance heard yesterday. Gerard McCoy, SC, counsel for Lippo Group deputy chairman Tjondro Stephen Riady, told the court the ordinance outlining the tribunal's jurisdiction lacked clarity and was badly designed. Mr Riady is seeking a judicial review of the powers of the tribunal and the Financial Secretary. The action came after Mr Riady was drawn into an inquiry that did not originally name him. The hearing continues today.