Bribery probe throws Lippo Group’s massive SE Asia project into limbo

Lippo Group founder Mochtar Riady
Lippo Group founder Mochtar Riady. Photographer: Sam Kang Li/Bloomberg

The home of Lippo Group’s Deputy Chairman James Riady was searched by anti-graft officials, the latest development in a bribery probe that has entangled one of Indonesia’s leading business conglomerates and thrown into doubt the future of a major development project touted as the “Shenzhen of Indonesia.”

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