Tycoon Nathaniel Rothschild resigns from board of Indonesia's Bumi PLC

His resignation came as Bumi's board considers a proposal by Indonesia's Bakrie family to sever their ties with the company and buy the key mines it owns in the country.

Rothschild's move, and his comments in a strongly worded resignation letter issued Monday, prompted the Bakries to hit out at the Briton, calling him a “threat to shareholders.”

The ongoing row has seen London-listed Bumi's shares slump more than 70 percent this year.

At the heart of the dispute is a Rothschild-backed investigation into the Bakrie-founded Bumi Resources, Indonesia's largest coal miner, which is part-owned by Bumi PLC.

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