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... ll, how much impact could a private company owned by an individual really have? But by the time the government recognized the issue, Hardy’s group had acquired a significant number of companies through entirely legal means. Indonesian laws did not prohibit capitalist Indonesians from selling their assets to foreigners.

However, watching a substantial portion of wealth flow into foreign hands infuriated many Indonesians. The government began drafting new policies to curb or outright block ...

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