Financier Nathaniel Rothschild has lost his bid to oust the current board of coal mining giant Bumi, the company he helped to found.

BBC: Bumi: Rothschild defeated in battle to oust board

The probe was launched after Nathaniel Rothschild, co-founder of Bumi, provided information to the board about allegations of potential misuse of development funds and other assets at the firm.

BBC: Bumi probe unable to back irregularity claims

If completed, the deal will mark the end of a high-profile association that has been marred by growing differences between the Bakrie family and Nathaniel Rothschild, the co-founder of Bumi.

BBC: Bumi shares surge as Bakrie family proposes split