Indonesian oil tycoon declared fugitive by Interpol

On January 23, Interpol issued a red notice warrant for Mohammad Riza Chalid following his corruption case involving the manipulation of crude oil and fuel import arrangements at Indonesia’s state energy firm Pertamina, which authorities say caused significant losses to the state through inflated prices and illicit gains.

66-year-old Chalid is known to be the tycoon of the oil industry. The corruption scandal led to a loss of US$285 million for the state coffer.

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