Rothschild takes row over crisis-hit miner Bumi to court At a hearing at London's Rolls Building on Thursday afternoon, the court heard details of the financier's unfair prejudice petition, a complaint brought on the basis that certain shareholders have been unfairly treated. The basis of his argument is that a relationship agreement which gave Indonesia's powerful Bakrie family, also shareholders in Bumi, the right to appoint and remove board members , was invalid. He also raised allegations previously made as to "hundreds of millions of pounds" of company assets said to have been misappropriated. The proceedings were brought against Bumi, the Bakries and their fellow Indonesian investor, Bumi chairman Samin Tan, as well as Alex Ramlie, a Bumi non-exec and Tan ally. Rather than seeking financial compensation, Mr Rothschild is seeking to have Mr Tan and Mr Ramlie removed from the board, the court heard. Neither Mr Rothschild or the Bakries attended. The case marks another twist in the bitter dispute between the founding shareholders of London-listed Bumi, intended to bring the natural resources of the East to Western investors. The hearing came after Bumi on Thursday took a step to cut ties with the Bakries, signing a $501m (£330m) agreement to sell a minority stake in Jakarta-listed Bumi Resources to the family. Shareholders will vote on the deal at a general meeting. Mr Rothschild asserted that Bumi would "still be controlled by the Bakrie Concert Party via Samin Tan, its dominant shareholder." A spokesman for Bumi meanwhile called the court proceedings "an unnecessary distraction" and said the relationship agreement would be ending as a result of the deal anyway.