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Farallon vs. Farallon

Tuesday, November 19, 2002

US-based financial consortium Farallon Capital Management passed Bank Indonesia's due diligence, but the winner of BCA's divestment bid was Farallon Indonesia Investment, and never underwent scrutiny. Who manipulated whom?

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They're similar but not the same. That's one way of looking at Farallon Capital Management, a United States-based company and Farallon Indonesia Investment (Farindo), whose shareholders are Indonesians. The two companies share the Farallon name and both tried hard to win the Bank Central Asia (BCA) share divestment bid. But while Farallon Capital Management lists its office address in the US, Farindo's parent company is based in Mauritius. W

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