[7] In 2013, it was variously reported that $173 million had allegedly gone "missing" or that "mysteriously vanished" or that a withdrawal was "unauthorised" from Berau Coal under Rosan Roeslani's leadership.
[16] The Widjaja's Sinar Mas subsidiary company, Asia Coal Energy Ventures, spearheaded by the 33-year-old Fuganto Widjaja, together with Argyle Street Management Ltd., countered on 7 May 2015 with a cash offer and alternative recapitalisation plan involving a $150 million cash injection and a restructuring support agreement similar to the one offered by Rothschild in May.
[17] Rothschild's holding company later commented on the affair that "This will be our first and last investment in Indonesia’s coal sector"[18] Defaults Berau Capital Resources Pte issued US$450 million worth of 12.5% guaranteed senior secured notes, in 2015.
Since July 2015, the Berau Group has brought 4 separate rounds[20] of scheme of arrangement / moratorium proceedings,[20] with terms which have been described as "frankly insulting" at a time when global coal prices had doubled.
Legal advisers for the plaintiffs, a New York hedge fund, claimed in court that many of the tactics employed by the Widjaja family during the APP restructuring were being deployed again.