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Prabowo was director and deputy chairman of Bermuda-registered Nusantara Energy Resources. The company registered in 2001 was listed as a “bad debtor,” according to Appleby’s records and was closed in 2004. A Singapore company also named Nusantara Energy Resources is now part of Nusantara Group, a resource company partly controlled by Prabowo, according to Indonesian media.
Fadli Zon, the deputy chairman of Prabowo’s Gerindra party, said that Prabowo “has no connection” to Nusantara Energy Resources (Bermuda). Fadli denied that the company was established to avoid taxes and said that it has not been active since it was founded.
"This is a one-dollar company," Fadli told ICIJ’s Indonesia media partner TEMPO. He also said that the company was set up for global oil and gas exploration and that some politicians were involved, but he didn’t know about their role in the company.
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There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.
There are legitimate uses for offshore companies and trusts. Read more
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