"We didn't do anything wrong, " Chris Fong, spokesman for the Bakrie group, tells the BBC.

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The Bakrie Group owns a team in the breakaway league, and the league's games air on Bakrie-owned television stations.

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He worked six years with ADB doing company loans before Indonesia's Bakrie Group asked him to consolidate the group's financial services companies.

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Mr Kamath came from Indonesia where, as adviser to the chairman of the Bakrie group, he had helped to restructure that troubled conglomerate.

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Bumi said that it received a request from the Bakrie Group to cancel their indirect 23.8% shareholding, in exchange for an equivalent value of PT Bumi Resources shares representing 10.3% of the total outstanding share capital.

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