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Century committee to issue five recommendations, no names unveiled |
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(03/01/2010)
Jakarta, PAB-Online
The House of Representatives’ inquiry committee on the Bank Century
bailout may issue five recommendations on the controversial policy,
without naming officials held responsible.
A document obtained from a committee member, who is part of the final recommendation formulation team, says the committee recommends that all authorized law enforcement institutions investigate all the alleged criminal activities surrounding the bank. The criminal activities include corruption, banking crime and money laundering.
The committee recommends that the government, along with the House, revise finance-related regulations and laws to prevent a similar scandal from recurring.
The third recommendation mandates a forensic audit be conducted on the bailout fund disbursement, and state asset recovery efforts should be part of the 2011 state budget.
The committee is demanding the government compensate the depositors whose funds were lost due to the bogus investment scheme, Antaboga Securities, conducted by the bank's former owner Robert Tantular.
The final recommendation concerns the establishment of a House team specially assigned to monitor the implementation of the committee's recommendations.
The bailout is considered controversial as it ballooned to ten times its original estimate, to Rp 6.76 trillion (US$716 million). It was authorized in November 2008 by Finance Minister Sri Mulyani Indrawati and the then Bank Indonesia governor, Boediono, now the vice president.(JP/IP)
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