Story perspectives
Hartono family’s $1.4B overseas investments raise BCA worries
9/8/2026
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Story summary
- Hartono family invested at least $1.4 billion abroad through Singapore and London entities.
- Evergreen Hill Enterprise Pte bought a US paper business for $669 million at the end of 2023.
- Evergreen paid €360 million ($418 million) for an Austrian cigarette-paper maker in 2024.
- Victor Hartono faced a temporary travel ban during a tax probe, regaining his passport within days.
- BCA shares fell 17% in 2025 and another 18% in 2026 amid investor concerns.
