Posted inAT Finance, Indonesia, Japan, Malaysia, Northeast Asia, Singapore

Indonesia’s Riady family investigated over Lippo bribes

Indonesia’s powerful Riady business empire is under Anti-Corruption Commission (KPK) investigation over bribes one of its Lippo Group subsidiaries allegedly paid local officials to kick-start the US$20 billion Meikarta mega-project on the eastern fringes of Jakarta. Investigators have already searched the palatial lakeside home of vice-chairman James Riady, 61, the son of 89-year-old Lippo founder […]

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