FCA fined Bumi's successor GBP 4.65m over listed-company controls
Asia Resource Minerals plc (formerly Bumi plc) · London-listed Indonesian coal miner
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Ownership / related-party links
A related-party map of the subsidiary's counterparties would have surfaced the transactions the company missed.
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Governance signals
Board disputes and shareholder conflicts would show weak oversight of the Indonesian subsidiary.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Regulatory & litigation records
FCA and UKLA records would show the later listing-rule findings.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Verified Snapshot
Offered in India- C3 A related-party map of the subsidiary's counterparties would have surfaced the transactions the company missed.
- C8 FCA and UKLA records would show the later listing-rule findings.
- C11 Board disputes and shareholder conflicts would show weak oversight of the Indonesian subsidiary.
Legal diligence support
Offered in India- C3 A related-party map of the subsidiary's counterparties would have surfaced the transactions the company missed.
- C8 FCA and UKLA records would show the later listing-rule findings.
- C11 Board disputes and shareholder conflicts would show weak oversight of the Indonesian subsidiary.
Promoter profiles
Offered in India- C3 A related-party map of the subsidiary's counterparties would have surfaced the transactions the company missed.
- C8 FCA and UKLA records would show the later listing-rule findings.
- C11 Board disputes and shareholder conflicts would show weak oversight of the Indonesian subsidiary.
Portfolio monitor
Offered in India- C3 A related-party map of the subsidiary's counterparties would have surfaced the transactions the company missed.
- C8 FCA and UKLA records would show the later listing-rule findings.
- C11 Board disputes and shareholder conflicts would show weak oversight of the Indonesian subsidiary.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.