Jakarta, ID
Monday, May 28 2012, 23:12 PM

National

House Century team meets with National Police, AGO, KPK

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The House of Representatives' monitoring team on the Bank Century bailout case had a joint meeting with the National Police, the Attorney General's Office (AGO) and the Corruption Eradication Commission (KPK).

The meeting was led by one of the House deputy speakers, Pramono Anung, from the Indonesian Democratic Party of Struggle (PDI-P). National Police chief Gen. Bambang Hendarso Danuri, Attorney General Hendarman Supandji, and KPK leaders, such as Chandra M. Hamzah and Bibit Samad Riyanto, were present at the meeting.

Pramono told the law enforcement officials that the team would like to discuss the coordination among their respective institutions in investigating the case, which revolves around a bailout that ballooned to Rp 6.76 trillion (US$716 million), ten times its original estimate.

The House called the bailout flawed in early March and demanded that legal measures be taken against those responsible.

The bailout was authorized in November 2008 by the then Bank Indonesia governor, Boediono, who is now vice president, and the then finance minister, Sri Mulyani Indrawati, who is now one of the World Bank's managing directors.

Boediono and Mulyani have repeatedly defended their decision citing that it was made to salvage the country's banking industry amid the global economic crisis.