Indonesian conglomerate Unveiled in Panama Papers

Indonesian conglomerate Unveiled in Panama Papers

Panama Papers

Public access to the data Panama Papers opened before dawn for West Indonesia Time. Since a year ago, 370 journalists from 76 countries organized by The International Consortium of Investigative Journalists (ICIJ) -menyelisik 11.5 million data in that document. Tempo is the only media in Indonesia joined in collaboration across the country.

A number of Indonesian conglomerate hired the law firm of origin Panama, Mossack Fonseca, to set up a company in a tax-free jurisdiction abroad. In the document the client list Mossack known as The Panama Papers, contained surname Mochtar Riady (ranked sixth richest person in Indonesia according to Forbes magazine), Wilmar International Ltd, which is owned martua sitorus, and Ciputra family.

In documents held by Tempo, the owner of the Lippo Group, James Tjahaja Riady, was recorded as a shareholder in a company called Golden Walk Enterprise Ltd. The company was established with the help of Mossack in the British Virgin Islands in 2011. His son, John Riady, is also listed as the owner of Phoenix Pacific Enterprise Ltd in BVI. According to data from Forbes, Riady family wealth reached US $ 2.1 billion, or around Rp 27.9 trillion.

While Wilmar International Limited has recorded two shell companies in tax haven areas or tax haven. Two companies that are Klientwort Benson Trustees Ltd and Gold Branch Enterprises Limited. Goldbranch Enterprises was established in the British Virgin Islands in April 2010.

The Wilmar International is a company formed Martua in 1991. According to Forbes, Wilmar has 450 manufacturing companies in 15 countries by the number of employees reached 90 thousand people in the whole universe. Martua wealth reached US $ 1.38 billion, or around Rp 18.3 trillion.

Ciputra registered shareholders in the company Grace Global Inc. located in the British Virgin Islands. The company was established in April 2003. Children Ciputra, Junita Ciputra, had company Grace 28, Inc. registered in the British Virgin Islands. Ciputra family fortune, according to Forbes, reaching US $ 1.48 billion, or around Rp 19.7 trillion.

When asked for confirmation in April, a family member Riady testify off the record. Meanwhile, officials do not know the particulars Wilmar their shell companies or offshore, as revealed in the Panama Papers. "I do not know. Not my capacity to answer that question. Just ask Mr. Tumanggor, "said Executive Director of PT Wilmar Nabati Indonesia Taufik Tamin told Tempo yesterday. Commissioner of PT Wilmar Group, Master Parulian Tumanggor, answered the same thing. "I do not know."

As Corporate Secretary and Director of Finance of PT Ciputra Development Tbk, Brotosiswojo Tulus Santoso, said the family did not know whether Ciputra create shell companies through Mossack Fonseca. "I do not know, yes. I think not, tuh, "he said.