Don't believe on Indonesian companies. Most of these companies operate on two books, one to the investor communities , rosy, high dividend, and one for the real one. Sooner or later the puss is going to come out, and they are eating into the capital, and not truly making money.
I agree with you. You should have added some examples. I will help you here. ENROM, WORLDCOM., ADELPHI COMMM.,TYCO INTERNATIONAL, Bernie Maddoff etc. etc. The list is too long I am running out of steam.