Lippo Business' Closeness to Power
What Now, My Friend?
Tuesday, January 23, 2001
Lippo Group's prosperity is due in large part to the Riady family's ability to weave political connections. Will the US$8.6 million fine imposed by an American court destroy the conglomerate?
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James Tjahaja Riady's light is dimming. The world-class lobbyist is in trouble because of his generosity in supporting former American president Bill Clinton's campaign. He was fined $8.6 million by an American court. This sentencing may threaten his Lippo empire, whose tentacles reach various businesses, including banks, hospitals, internet portals and cable television.
The fine has also tarnished his image as a businessman. "He's turned into a
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