When James Riady and his family’s company, called the Lippo Group, pled guilty to campaign fraud in the 1990s for donations to Bill Clinton, it looked as if the Indonesian-based businessman’s days were over — and just another ugly chapter of American political history.
Yet, starting in 2011 when Hillary Clinton was secretary of state, the Riadys started their return to the United States through a new Chinese subsidiary called Lippo China Resources, which sought to become a minority owner in a Utah company called CS Mining.
Riady’s Lippo China Resources hopes to obtain majority ownership of the Utah company at a bankruptcy court hearing Friday in Salt Lake City. They are trying to acquire the land — the size of Manhattan — at fire-sale prices, The Daily Caller News Foundation’s Investigative Group has found.
The Riady family — Indonesian citizens who property worldwide and business holdings that include mainland China — hope to gain control of the copper, gold and silver reserves on 60,000 acres in Utah.
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