Indonesia’s richest family moves over $1 billion offshore amid turmoil

🌐 The Japan Times (ID) —

AI Summary

Indonesia’s wealthiest family has transferred over $1 billion offshore amid domestic instability. This marks a significant shift for the media-averse family, traditionally known for keeping their wealth within Indonesia, reflecting concerns about political or economic turmoil.

The movements of funds abroad mark a sharp pivot for a media-shy family worth about $30 billion that has traditionally parked its wealth at home.

World Markets Deals Indonesia wealth transfer offshore family wealth economic turmoil

Read original source →