Roeslani Says Bumi Claims About Wrongful Payments Are ‘Baseless’

Rosan Roeslani, a former Bumi Plc (BUMI) director, has denied claims by the Indonesian coal producer that he wrongfully received salary and bonuses.

“Obviously these accusations are baseless, one-sided, and appear to be motivated by the need to deal with the ongoing Bumi shareholder dispute,” Roeslani said in an e-mailed statement. “I deplore the accuracy of those information contained in Bumi Plc’s annual report, and I too deplore the way in which the information was delivered.”

Bumi said last month that Roeslani, also a former president director of its PT Berau Coal Energy unit, received “substantially more” in salary, bonuses and other benefits than had previously been disclosed. He was paid $3.8 million in 2011, according to Bumi’s annual report, published May 31. In last year’s annual report Roeslani was said to have received $700,638 in salary and bonus for 2011.

“Any remuneration I received was based on a contractual arrangement that was professionally agreed between myself and the company,” Roeslani said.

A spokesman for Bumi declined to comment.

Bumi has been at the center of a battle for control between co-founders Nathaniel Rothschild, scion of a centuries-old British banking dynasty, and Indonesia’s Bakrie family since the $3 billion deal that brought them together started to sour in late 2011.

To contact the reporter on this story: Thomas Biesheuvel in London at

To contact the editor responsible for this story: John Viljoen at

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