After completion of its investigation,Macfarlanes found circumstantial evidencesupporting a
number of the allegations, but could not substantiate the evidence due to the lack of
cooperation of key parties. On December 19, 201 2, the UKTakeover Panel determined that
the Bakrie Group, Bukit Mutiara, andSamin Tan represented a "concert party?" and that their
aggregate voting rights could not exceed 29.9%. The ruling put the British-born financi er in a
favourable position in the battle for control of the company