Page 2 of Tag meikarta-bribery-case - Index

Lippo CEO James Riady grilled over Meikarta case

Lippo Group CEO James Riady has fulfilled the Corruption Eradication Commission's (KPK) summons to appear on Tuesday at its Jakarta headquarters for questioning in connection with the corruption case on the Meikarta mega development project in Bekasi, West Java.

National 7 years ago

West Java to review Meikarta project amid alleged bribery case

Ridwan Kamil said he did not yet have full information on the Meikarta case.

Business 7 years ago

Lippo Karawaci's alleged bribery is credit negative: Moody’s

Moody’s Investors Service has said a bribery allegation relating to the issuance of property permits for the Meikarta project is credit negative for Lippo Karawaci because it highlights the company's corporate governance challenges and potential reputational damage that will hurt both investor and consumer confidence.

Business 7 years ago

Lippo Group's shares drop following reports on bribery case

In the first trading session at the Indonesia Stock Exchange (IDX) on Tuesday, the shares of four companies under the Lippo Group dropped into the red zone, following a high-profile bribery case concerning the issuance of property permits for the modern city of Meikarta.