JAKARTA - Indonesia's Supreme Court has reversed a $93 million libel ruling against Time magazine over a story about the late president Suharto. The court overturned its earlier decision that Time had defamed Suharto in a May 1999 article alleging he had amassed a vast fortune through corruption.
Explaining the ruling, Supreme Judge Hatta Ali, one of a three-member judicial bench, said Time had not breached press laws because it had given Suharto the right to respond and was ''still within the journalistic code of ethics". The magazine said the ruling showed the court respected the freedom of the press to cover issues of public interest. The case has been closely watched as a benchmark for press freedom in Indonesia.