"We didn't do anything wrong, " Chris Fong, spokesman for the Bakrie group, tells the BBC.
Analysts said that the proposal by the Bakrie family was good news for the firm's shareholders.
The allegations and the subsequent probe have dented relations between Mr Rothschild and the Bakrie family.
Thohir invested in Visi as a partner of Anindya Bakrie, son of Aburizal.
FORBES: Indonesia's Bakrie Clan Prefers Coal Mines To Television Stations
As usual with Bakrie, the story is one of over-leveraging, opaque finances and political controversy.
FORBES: Bailing Out Indonesia's Bakrie: Commodity Brokers To The Rescue?
The family, headed by patriarch Aburizal Bakrie, a presidential contender for 2014, has ran into trouble before.
FORBES: Bailing Out Indonesia's Bakrie: Commodity Brokers To The Rescue?
Bakrie was said to be seeking a public bailout for its Bumi Resources via a state-owned coal company.
FORBES: Bailing Out Indonesia's Bakrie: Commodity Brokers To The Rescue?
The Bakrie Group owns a team in the breakaway league, and the league's games air on Bakrie-owned television stations.
Mr Rothschild set up Bumi with the influential Bakrie family, part of Indonesia's political and business elite, in 2011.
Bakrie-controlled companies cover the breadth of Indonesia's economy, including mining, oil and gas, palm oil, property, telecommunications and finance.
Many are still grumbling that this is not enough, but Mr Gitlin reckons Bakrie has done what it can.
Now Bakrie is seeking to refinance this loan and may have to give up equity to get what it wants.
FORBES: Bailing Out Indonesia's Bakrie: Commodity Brokers To The Rescue?
Bakrie proposed giving the creditors, in shares proportionate to the debt they held, 80% of GoodCo and 20% of BadCo.
Shares in the London-listed Indonesian coal miner Bumi have surged after Indonesia's powerful Bakrie family proposed to split from the firm.
But the partnership, and relations with the Bakrie family, soured after Mr Rothschild called for a radical clean-up at the firm.
In 2006 a devastating mudflow erupted near a site in Java where Lapindo Brantas, a Bakrie-controlled company, was drilling for gas.
He worked six years with ADB doing company loans before Indonesia's Bakrie Group asked him to consolidate the group's financial services companies.
Meanwhile, Bakrie was clearly anxious to raise money for its other Indonesian ventures, which range from property to palm oil and telecoms.
FORBES: Bailing Out Indonesia's Bakrie: Commodity Brokers To The Rescue?
Even assuming that GoodCo shares proved as liquid as Bakrie promised, they were still being asked to accept pennies on the dollar.
Mr Bakrie's continued influence is the cause of much discussion in Jakarta.
Bumi's management instead wants to push through a split agreed with Indonesia's Bakrie family following claims of fraud originally levelled by Mr Rothschild.
It also claimed that the Bakrie family would then seek to enforce its rights under an existing shareholders' agreement, by litigation if necessary.
However, one of its largest corporate players, the Bakrie family, a major coal exporter, is in crisis talks to resolve a debt crunch.
FORBES: Bailing Out Indonesia's Bakrie: Commodity Brokers To The Rescue?
Mr Kamath came from Indonesia where, as adviser to the chairman of the Bakrie group, he had helped to restructure that troubled conglomerate.
The other problems have much to do with the fraught relationship between Mr Rothschild and the Bakrie family, also big shareholders of Bumi PLC.
Bumi owns a stake in key Bakrie assets and there have been tensions between the two over potential irregularities at one of the Bakrie firms.
Mr Bakrie himself is close to the government of President Habibie.
Led by patriarch Aburizal Bakrie, the family is proposing to buy back its coal mines that were injected into the venture, along with other non-family assets.
FORBES: Indonesia's Bakrie Clan Prefers Coal Mines To Television Stations
Mr. Bakrie and Mr. Panigoro share a history that goes back the prestigious Bandung Institute of Technology, where they graduated with degrees in electrical engineering in 1973.
So Susilo Bambang Yudhoyono, Indonesia's president, stirred concerns about conflicts of interest when he appointed Mr Bakrie as minister with overall responsibility for the economy in 2004.
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