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Indonesia loses $3.3 billion in five years of corruption cases JAKARTA - More than 300 cases of embezzlement over the past five years have cost the Indonesian government more than Rp 29.5 trillion ($3.3 billion), the country's financial watchdog said on Friday.

Hasan Bisri, the deputy chairman of the Supreme Audit Agency (BPK), spoke at the Corruption Eradication Commission (KPK) on Friday, informing of the accumulated losses, which also includes $480 million in foreign currency in addition to the embezzlement cases.

All the 318 cases were forwarded to the corresponding law enforcement agencies, according to Hasan, as quoted by the Jakarta Globe. He added that he would still monitor the cases to ensure that appropriate action is being taken.

Indonesian President Susilo Bambang Yudhoyono previously 'declared war' against corruption and excessive state spending, but activists claim one of the most corrupted areas of the government is the State Palace.

Yuna Farhan, secretary general of the Forum for Budget Transparency, said no real action has ever been taken as the president ordered less spending last year but at the same time filed a budget increase.


Related blog entries (category 'Corruption') Related blog entries (category 'Corruption'):
04 December 2011 · Abraham Samad elected new KPK chief
05 November 2011 · Govt considering to dissolve regional corruption courts
05 November 2011 · KPK: Rp 152 trillion in state funds restored
05 September 2011 · WikiLeaks cable: U.S. believed 2007 Jakarta election 'rigged'
16 August 2011 · Former governor sentenced to prison for taking state funds
11 August 2011 · Colombia approves extradition of fugitive Nazaruddin

Related blog entries (category 'Corruption') Tags: corruption, damage, losses


Posted in Corruption @ 10 December 2011 11:48 CET by Blog Bot · 'Blog' RSS feed · permalink






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