MOSCOW: Bumi Plc, the coal mining group controlled by Indonesian investors including the influential Bakrie family, launched an urgent investigation into potential financial irregularities at its Indonesian operations, sending its shares down more than 30%.
Bumi, cofounded by Britishborn financier Nat Rothschild, said yesterday it had commissioned an independent investigation into allegations concerning its Indonesian subsidiaries, including 29% owned PT Bumi Resources, Asia's biggest exporter of thermal coal.
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