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KPK to supervise govt's foundations
Wed, 12/31/2008 10:50 AM | National
JAKARTA: The Corruption Eradication Commission (KPK) has offered to supervise the management of government-sponsored foundations in a move to prevent future corruption.
"We have sent letters to 99 government institutions asking them to report the names of foundations established or financed by the government," KPK Deputy Chairman for Prevention Haryono Umar said during the commission's anniversary at Bukit Duri, South Jakarta, on Tuesday.
He said so far only 50 of the institutions responded to the request and 14 of them acknowledged either establishing or financing a foundation.
Haryono said the step to supervise government-sponsored foundations was taken to prevent the misappropriation of funds from occurring like it did with the Bank Indonesia's Indonesian Banking Development Foundation (YPPI) fund.
YPPI spent Rp 100 billion (US$8.9 million) to finance legal expenses of former BI senior officials and to channel the funds to lawmakers to smooth the settlement of BI liquidity acounts and the amendment of a BI law in 2003. -- JP
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