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Crony Capitalism Built Indonesia's Biggest Business Empire

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Manage episode 417931430 series 3279903
Content provided by Jon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

At its peak, Indonesia's Salim Group was a $22 billion giant - the country’s biggest business group.

Its founder and top boss Liem Sioe Liong - also called Sudono Salim - was Southeast Asia's richest man.

Salim Group's incredible rise came on the back of the company’s personal connection to the authoritarian leader Suharto.

A personal friend of Liem, the dictator leaned on the company as one of its core collaborators.

Few companies dominated a single country like Salim's companies did Indonesia until the Asian Financial Crisis. This is its story.

  continue reading

89 episodes

Artwork
iconShare
 
Manage episode 417931430 series 3279903
Content provided by Jon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jon or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

At its peak, Indonesia's Salim Group was a $22 billion giant - the country’s biggest business group.

Its founder and top boss Liem Sioe Liong - also called Sudono Salim - was Southeast Asia's richest man.

Salim Group's incredible rise came on the back of the company’s personal connection to the authoritarian leader Suharto.

A personal friend of Liem, the dictator leaned on the company as one of its core collaborators.

Few companies dominated a single country like Salim's companies did Indonesia until the Asian Financial Crisis. This is its story.

  continue reading

89 episodes

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