12 Sep '11, 2pm
Indonesian tycoon Aburizal Bakrie to run for president
JAKARTA (AFP) - Indonesia's second-largest political party Golkar on Monday picked tycoon and power-broker Aburizal Bakrie as its presidential candidate for elections in 2014, it said. Mr Bakrie and his entrepreneurial family are collectively worth billions and run businesses in Indonesia selling everything from telecommunications to coal to education. But the Bakries and their companies are mired in allegations of corruption and tax fraud. A Bakrie family spokesman has denied any wrongdoing, saying such allegations are 'baseless and untrue'. Mr Bakrie is currently the chairman of Golkar and was chosen as its representative for the next polls at a party board meeting in Denpasar on the island of Bali, officials said.