Agence France Presse reported that: Indonesia's largest coal producer Bumi Resources said Thursday it is acting to resolve allegations of irregularities at its operations after a its parent launched an investigation.

Bumi Resources, which is owned by the country's powerful Bakrie family, said in its first official response to the announcement: "We received no advance notice of either the investigation or the press release."

It said “The firm is in contact with the Indonesian stock exchange and the capital market regulator, Bapepam-LK and will be complying with all of our obligations under Indonesian law.”

It said "The management of PT Bumi Resources will be acting to resolve these matters as expeditiously as possible, for the benefit of all stakeholders, and will make further announcements as appropriate in due course.”

London-listed Bumi Plc, owned by financier Nathaniel Rothschild, said Monday in a statement it had ordered a probe into certain allegations on an urgent basis, and to report to its board.

Source - AFP

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