FOR two decades, PT Medco Energi Internasional was the backbone of the Panigoro family business. Because of the revenues this company booked, Arifin Panigoro, founder of Medco Energy, has been in the list of Indonesia’s 40 richest man according to Forbes magazine, the New York-based business magazine.

In the middle of plans to expand his oil and gas business two weeks ago, there was news that the Panigoro family, through Encore International L