Indonesian coal giant Bumi lashes out at 'attack'
Published on Oct 2, 2012 9:52 PM
JAKARTA (AFP) - Indonesia's largest coal miner Bumi Resources described itself as under attack after its parent company, founded by British billionaire Nathaniel Rothschild, ordered a probe into its finances.
London-listed coal giant Bumi owns a 29 per cent stake in the Jakarta-based Bumi Resources.
Last week it ordered an investigation into "potential financial and other irregularities", including a US$637 million (S$782 million) write down of development funds and assets.
Bumi Resources had undergone a "motivated attack", said director Dileep Srivastava on Tuesday. "We don't know who is behind it and what the motivation is," he added.
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