Prabowo’s Clampdown on Indonesian Tycoons Fuels Capital Flight
Bloomberg 2026-07-10 00:00:23
Context: Indonesian high-net-worth individuals are moving their money offshore due to concerns over President Prabowo's policies and potential measures to extract their wealth. This capital flight is driven by fears that Prabowo may take more forceful actions to access their funds. The trend is notable among Indonesia's wealthy elite.
Key Facts
- High-net-worth individuals in Indonesia are increasingly relocating their assets offshore, driven by anxiety over President Prabowo's intentions and potential policies aimed at accessing their wealth.
- These individuals fear that Prabowo may resort to more forceful measures to extract their money, prompting them to secure their assets in safer, offshore environments.
- The phenomenon is specifically linked to Prabowo, suggesting that his presidency and associated economic policies or actions are directly influencing the financial decisions of Indonesia's wealthy elite.