Indonesia Deforesters Hide Their Money Offshore

The Offshore Leaks Database of the International Consortium of Investigative Journalists (ICCJ) contains ownership information about companies created in 10 offshore jurisdictions including the British Virgin Islands, the Cook Islands and Singapore. It covers nearly 30 years until 2010.

As to be expected, billionaires are among thousands of Indonesians found in the secret documents now being made public.

Four ... of Indonesia’s very richest are known for their role in clearing vast areas of tropical rainforest. Eka Tjipta Widjaja, the Salim family, Sukanto Tanoto and Prajogo Pangestu built their fortunes after they obtained licenses to log and clear rainforest during the Suharto years. More recently Widjaja, Tanoto and Pangestu have invested heavily in palm oil plantations. 

A series of reports earlier this year from the Pulitzer Center on Crisis Reporting described palm oil as one of the most controversial commodities on earth. Palm oil plantations have replaced “swathes of rainforest the size of small countries”. 

Between them they have over 140 offshore companies, mostly in the British Virgin Islands.

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