Bumi Says Roeslani Claims He Doesn’t Owe Company Funds

Bumi Plc, owed $173 million in cash and assets by former director Rosan Roeslani, said the Indonesian coal executive is now claiming he has no obligation to meet the terms of a June agreement to return missing funds.

“Roeslani has now raised a number of issues as to the nature of his obligations, as a result of which he denies that he is in breach of those obligations and asserts that any outstanding liability to transfer any cash or assets under the Roeslani Agreement has been extinguished,” Bumi said late yesterday in a document to shareholders.