Rift over Bumi probe deepens

Indonesia’s Bakrie family is facing a potential split with business tycoon Samin Tan, who invested $1bn in London-listed miner Bumi – an investment now worth $140m. Tensions have risen since Bumi launched a probe over financial irregularities into Indonesian coal producer PT Bumi Resources Tbk, in which it has a 29 per cent stake. Since the probe was announced, the firm’s share price has fallen 80 per cent.