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Budi Mulya sentenced to 10 years` imprisonment Former deputy governor of Bank Indonesia Budi Mulya was sentenced on Wednesday to 10 years imprisonment by the anti corruption court with a fine of Rp500 million or an additional jail term of 5 months.

Posted in Crime @ 17 July 2014 02:03 CET by Blog Bot · permalink · 0 reactions


Bank Century scandal causes Rp7.4 trillion losses to the state Bank Century scandal caused a loss of Rp7.4 trillion in state fund, the Supreme Audit Agency (BPK) said on Monday. The loss was a result of short term loan facility (FPJP) to Bank Century, and the determination of the sick lender as a failed bank, which have potential systemic impact, BPK Chairman Hadi Poernomo said here on Monday.

Posted in Corruption @ 23 December 2013 21:17 CET by Blog Bot · permalink · 0 reactions


Investigations in progress with regard to bailout scandal Indonesia`s chief anti-graft investigator, Abraham Samad, said investigations are being carried out with regard to the (Rp6.7 trillion) Bank Century bailout scandal.

Posted in Crime @ 07 December 2012 18:53 CET by Blog Bot · permalink · 0 reactions


KPK should not hesitate to follow up Century case A constitutional law expert from Brawijaya University, Dr. Ibnu Tricahyo, has stated that the Corruption Eradication Commission (KPK) should not hesitate to follow up the Bank Century bailout case even though it involves the Vice President.

Posted in Corruption @ 03 December 2012 18:26 CET by Blog Bot · permalink · 0 reactions


Indonesia central bank cuts key rate to 14-month low Indonesia's central bank cut its benchmark interest rate to a 14-month low, the seventh reduction since May, to help revive consumer spending and boost investment. Bank Indonesia Governor Burhanuddin Abdullah and his fellow policy makers reduced the rate used as a reference for bill sales by half a percentage point to 9.75 percent, a move predicted by 16 of 21 economists surveyed by Bloomberg News, and indicated further cuts are likely next year.

Posted in Economy @ 08 December 2006 03:03 CET by Jeroen · permalink · 0 reactions


Susilo replaced in hasty reshuffle President Abdurrahman Wahid added further suspense to the unfolding political drama by catching everyone by surprise on Friday with his announcement of a Cabinet reshuffle which included the replacement of his top political and security minister. The reshuffle was not so much a case of ushering new faces into the Cabinet as one of musical chairs, as three of the five new appointments were those of people already serving in his administration.

Posted in Politics @ 02 June 2001 00:02 CET by Jeroen · permalink · 0 reactions
    
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