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Indonesia raids home of Lippo Group CEO in bribery probe

Lawyer said Meikarta developer 'very surprised and deeply regretted' the case

JAKARTA -- Indonesia's anti-corruption agency said on Thursday it had raided 10 locations, including the home of Lippo Group CEO James Riady, as part of an investigation into an alleged bribery plot related to the conglomerate's flagship real estate project, Meikarta.

The raid comes after the Corruption Eradication Commission, or KPK, announced on Monday it had arrested and named nine people as suspects, four of whom are affiliated with Lippo Group, on allegations that they promised officials from the Bekasi district -- where Meikarta is being built -- 13 billion rupiah ($855,613) in exchange for property and other permits.

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