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Lippo Group CEO denies involvement in Meikarta bribery case

James Riady questioned for nine hours over allegations against subordinates

James Riady, CEO of Indonesian conglomerate Lippo Group, poses after announcing the Meikarta project at a news conference in Jakarta in May 2017. The development has been dogged by problems, including a bribery probe that led to Riady's home being raided by investigators.   © Reuters

JAKARTA -- The chief executive of Chinese-Indonesian conglomerate Lippo Group, James Riady, denied involvement in bribery allegations surrounding the Meikarta urban development project following nine hours of questioning by anti-graft investigators on Tuesday.

Riady, part of the billionaire family that controls one of Asia's biggest conglomerates, was questioned as a witness by investigators probing whether bribes were paid in exchange for permits to build Meikarta, Lippo's $21 billion township project outside Jakarta. The group's director of operations, Billy Sindoro, was recently named a suspect in the case by the Corruption Eradication Commission, or KPK.

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