[wanita-muslimah] Bumi price crash: A tale of two princes

 

http://www.atimes.com/atimes/Southeast_Asia/NI29Ae01.html

 

Sep 29, 2012

 

AN AKYA
Bumi price crash: A tale of two princes
By Chan Akya

"In India, corruption is under the table, in China, corruption is over the table while in Indonesia, corruption includes the table." Anon (previously quoted in Asia Times Online article "The Wages of Corruption", August 19, 2006).

"Bumi launches probe on financial irregularities" read the mundane business headline on September 24 as the London markets opened for trading. The subject of the article was a company called Bumi PLC, a holding company listed in Indonesia that owned two major businesses in Indonesia, namely Bumi Resources and another coal company called Berau Coal; both are listed in Indonesia; the two businesses made Bumi the biggest coal miner in the country.

(For context, saying "biggest coal miner in Indonesia" is like

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