The Lippo Group (力宝集团) is a major Indonesian conglomerate founded by Mochtar Riady. The Lippo Group began with Bank Lippo, later using this as a platform for regional property development projects. These projects, throughout Indonesia and China, are akin to Irvine, California's development. In 2001, the Lippo Group delved into the education market with the newly-minted Putian University (in Putian, Fujian Province, China) by providing international training (using English) for specially-selected accounting and computer science students.
In the 1996 presidential campaign, Mochtar Riady's on James was a major campaign contributor to the Democratic Party. In 1998, the United States Senate conducted an investigation of the finance scandal of the 1996 U.S. presidential campaign. James Riady was indicted and pleaded guilty to campaign finance violations by himself and his corporation. He was ordered to pay an 8.6 million U.S. dollar fine for contributing foreign funds to the Democratic Party, the largest fine ever levied in a campaign finance case.[3][4][5][6]
James Riady lives with his family in Lippo Village, Karawaci, surrounded by security aides. He has been demonized by the media because of his involvement in the campaign financing scandal. Hendardi, an Indonesian human rights activist, once stated that Riady's "major achievement was to export corruption to the U.S."[3]
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