Prabowo questioned if local tycoons and their businesses were responsible, and asked if any foreigners were trying to mess with him and Indonesia, the people said. A few of the ministers told him that wasn’t the case, pointing the finger solely at officials with the financial regulator and stock exchange who had failed to address MSCI Inc.’s concerns about investability and market transparency, the people said.
(Feb 16) : As Indonesia’s stock market plummeted in late January, President Prabowo Subianto was furious.
Key cabinet ministers huddled at his rural hillside home in Bogor, an hour’s drive from Jakarta. The meeting quickly turned into a blame game, according to people familiar with the matter, who requested anonymity for fear of reprisals.
