JAKARTA (March 30): Indonesia's Attorney General Office (AGO) said on Monday that it has raided companies linked to the coal tycoon Samin Tan after he was identified over the weekend as a suspect in alleged illegal mining activities. Samin Tan is a once-influential deal-maker known for his US$1 billion (RM4.03 billion) investment in Bumi plc, which helped rescue Indonesia's powerful Bakrie family from a looming default. The AGO said the contract of work for Tan's coal company, PT Asmin Koalindo Tuhup (AKT), was terminated in 2017, but the company allegedly continued mining operations up to 2025. A government task force has previously seized nearly 1,700 hectares (4,200.79 acres) of the AKT mine in Central Kalimantan. Indonesia's Corruption Eradication Commission named Tan as a suspect in a bribery case in 2019, but he was legally exonerated.

Source: The Edge Markets March 30, 2026 08:07 UTC