National

Century monitoring team to re-intensify in August

Hans David Tampubolon, The Jakarta Post, Jakarta | Mon, 07/19/2010 2:54 PM
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The House of Representatives says that the monitoring committee on the Bank Century bailout case will intensify its activities in August.

“Under my leadership, the team will re-accelerate,” one of the Housen deputy speakers, Pramono Anung from the Indonesian Democratic Party of Struggle (PDI-P), said at his office in Senayan, South Jakarta, on Monday.

Pramono is also one of the interim chairmen of the team, whose leadership is switched on a monthly basis among the four House speakers. In the current month, the leadership is on Democratic Party’s Marzuki Alie, who is also the House speaker.

Pramono said that Marzuki’s concerns in Geneva, Switzerland, had hindered him from effectively leading the team this month and therefore, made its activities in monitoring the investigation on the case to be a bit slower.

The case revolves around a bailout that increased tenfold to Rp 6.76 trillion (US$716 million).
The bailout was authorized in November 2008 by the then Bank Indonesia governor, Boediono, now vice president, and former finance minister Sri Mulyani Indrawati.

Both Boediono and Mulyani said what they did was to salvage the country's banking sector amid the global financial crisis.

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