JAKARTA (Bloomberg): The home of Lippo Group's deputy chairman James Riady (pic) was searched by Indonesian anti-graft officials, the latest development in a bribery probe that has entangled one of the country's leading business conglomerates and thrown into doubt the future of a major development project touted as the "Shenzhen of Indonesia".
The nation's Corruption Eradication Commission, known as KPK, conducted a search on 10 locations on Wednesday including Riady's home and the house of a senior executive at Lippo Group who was arrested, KPK spokesman Febri Diansyah wrote in a text message. The agency secured documents related to permits, financial records and electronic devices.
