Lippo Group suffers confidence crisis after home of CEO raided

'Negative investor sentiment' hits bond yields of key development arm

SHOTARO TANI, Nikkei staff writer

JAKARTA -- Lippo Group, one of Indonesia's largest business conglomerates, is facing a crisis of confidence after news that the home of its CEO had been raided in connection with an investigation into the company's flagship $21 billion development project.

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