Rothschild reports Bumi hedge funds to Panel The scion of the banking dynasty has informed the Panel, which adjudicates in the matter of such City disputes, that he believes Route One and Orchard Capital are connected to the Indonesian family, which, with linked investors, already controls 29.9pc of Bumi's votes. Mr Rothschild is understood to have made the complaint within the past 10 days. In a statement last night, his NRI vehicle said: "We have reported Route One and Orchard Capital to the Takeover Panel for possible Rule 9/Concert Party breaches. Both Orchard Capital and Route One are invested in or affiliated with companies that have exposure to the Bakries" margin loans." In a ruling in December, the Panel said that the shares of the Bakrie family and Indonesian investor Rosan Roeslani were deemed as acting together, restricting the voting rights on the combined 57pc holding to 29.9pc. The issue is paramount as Mr Rothschild, who controls an 18.2pc stake in the company, has requisitioned an extraordinary meeting to unseat 12 of the 14 Bumi board members. The request for the Panel to investigate the situation comes ahead of the publication of a circular, expected as early as Tuesday, by Bumi to defend its actions ahead of the meeting. The Sunday Telegraph has learnt that the board will replace the existing management at Berau Coal, one of two key subsidiaries. It will also say that it will immediately begin legal action to recover $75m (£47m) of shareholders" money held in a fund called "Chateau." Sources indicated that the circular will say that the independent board, led by senior director Sir Julian Horn-Smith, will be taking firm control of Berau, in which it has an 85pc stake. Bumi declined to comment.Route One and Orchard could not be reached for comment.