What Wikipedia Says about Lippo Group

The Lippo Group (力宝集团) is a major Indonesian conglomerate founded by Mochtar Riady. The Lippo Group began with Bank Lippo, later using this as a platform for regional property development projects. These projects, throughout Indonesia and China, are akin to Irvine, California's development. In 2001, the Lippo Group delved into the education market with the newly-minted Putian University (in Putian, Fujian Province, China) by providing international training (using English) for specially-selected accounting and computer science students.

In the 1996 US presidential campaign, Mochtar Riady's son James was a major campaign contributor to the Democratic Party. In 1998, the United States Senate conducted an investigation of the finance scandal of the 1996 U.S. presidential campaign. James Riady was indicted and pleaded guilty to campaign finance violations by himself and his corporation. He was ordered to pay an 8.6 million U.S. dollar fine for contributing foreign funds to the Democratic Party, the largest fine ever levied in a campaign finance case.[3][4][5][6]

James Riady lives with his family in Lippo Village, Karawaci, surrounded by security aides. He has been demonized by the media because of his involvement in the campaign financing scandal. Hendardi, an Indonesian human rights activist, once stated that Riady's "major achievement was to export corruption to the U.S."[3]

Rabu, 21 April 2010

James Riady - The Evangelical Felon

(source: http://theasiamag.com/cheat-sheet/james-riady-the-evangelical-felon)


March 17, 2009
Special to asia!

Of the many rich Chinese doing business in Indonesia, James Riady stands as the only one openly mixing religion with business. By and large, the 97% indigenous Indonesians tolerate the 3% minority Chinese unless provoked. In 2001, soon after pleading guilty to a felony charge brought against him by the US Justice Department, he gave an interview to Fortune that caused him endless troubles at home.

Riady was a close friend of Bill Clinton an intimately linked to Clinton’s campaign fundraising scandal. He pleaded guilty to the felony charge of “conspiring to defraud the US”, paid a record US$8.6 million fine, and was barred from the US for two years

Most people would keep a low profile after that. But Riady felt the need to explain, through Fortune, that he was not the villain he was made out to be by the US media. During the interview, Riady, a born again Christian waxed lyrical about setting up schools in poor villages all over Indonesia and converting the people there to Christianity. Indonesia is the world’s largest Islamic country with more than 200 million Muslims. Riady’s remark angered many of them. Muhammadiyah (“Follower of Muhammad”), the second-largest Islamic organisation that claims to have 28 million members, quickly assembled mass protests against Riady. James and his family, his parents, wife and four children retreated into their 16-room mansion in Lippo Village

Six years on, his dream of setting up schools in villages remains a dream

James Riady became a Christian in 1990. God, he said, spoke to him personally and showed him all his past sins. “I thought I was a good man. God said, 'You're a horrible man.' I cried and cried... Since then I try to be a better person, and my life has changed,” he once said

Certainly there are changes, but not in the way Riady runs banks. In his pre-Christian days in the 1980s, Riady was caught by US regulators funneling money from his Worthen Bank in Arkansas to his private business. After his conversion, in he 1990s, he was caught doing the same thing through the Lippo Bank in San Francisco. In Indonesia, the Riadys were caught inflating the stock price of Lippo E-net and fined US$500,000.

For years, Riady has talked about giving up business to become a missionary. “Once you have seen eternity, it changes the way you see things,” he declared. As he is still running Lippo from Indonesia today, it would seem that eternity is taking a backseat to earthly gains.(Lee Han Shih)

*Lee Han Shih is the founder, publisher and editor of asia! Magazine.
email: hanshih@theasiamag.com

1 komentar:

  1. James Raidy is lying about being a Christian, in particular, a born again one. He is a muslim, doing what muslims do best, disguise their deceits under layers and layers of lies.

    Why does a chinese family retain a muslim name when they are no longer muslims?

    No doubt this is got to do with a great deal of taqiyya and islamic jihad.

    BalasHapus