bribery investigation

AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun stepping aside for at least 2 months while airline and authorities investigate allegations Airbus paid a bribe of US$50 million to win plane orders

(Nov 26): An investigation into troubled Indonesian property developer PT Lippo Karawaci, controlled by Southeast Asia’s billionaire Riady family, is reverberating in the Singapore bond market.

(Oct 18): The arrest of a senior executive at Lippo Group, one of Indonesia’s leading business conglomerates, has thrown into doubt the future of a major development project touted as the “Shenzen of Indonesia.”

JAKARTA (Reuters): Indonesia’s anti-corruption agency has arrested nine people, including a top district government official and a company director, in a bribery investigation linked to the Lippo Group’s US$21 billion ($29 billion) Meikarta real estat