BOT Corp. of Curacao, Netherlands Antilles, agreed Friday to pay a $300,000 fine and to divest at least 98% of the voting shares of Lippo Bank of Los Angeles, the Federal Reserve Board said.

BOT agreed to forfeit any profit from Lippo Bank's sale, which must occur within 10 months. The Fed said BOT and one of its owners, James T. Riady, violated U.S. banking laws by taking control of the California bank.

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