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KPK officials insist no graft in Century case

JAKARTA: Corruption Eradication Corruption (KPK) deputy leaders insisted that to date they had found no indications of graft in the Bank Century bailout

The Jakarta Post
Fri, December 10, 2010

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KPK officials insist no graft in Century case

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AKARTA: Corruption Eradication Corruption (KPK) deputy leaders insisted that to date they had found no indications of graft in the Bank Century bailout.

They reasoned that the bailout had not inflicted state losses.

“We fully understand that there has been immense suspicion of graft behind the bailout. However, to date we haven’t been able to find the connection between state losses and state officials,” Bibit Samad Rianto, KPK deputy leader, said Thursday.

Therefore, he added, the KPK would be consistent in stating that it found no indications of graft behind the government’s decision to bail out the now-defunct Century Bank with Rp 6.76 trillion.

Muhammad Jasin, another KPK deputy leader, said the term “state losses” was a bit misleading since the KPK had not discovered any state losses in its investigation.

“To determine whether an action should be considered graft, besides state losses, the KPK should also be able to find a motive of self-enrichment first. In this case, we couldn’t find any such motive,” he said.

The allegation that the bailout had inflicted state losses, he added, was not solid since Mutiara Bank, the new form of the now-defunct Century Bank, was owned by the government.

“There is still a possibility of gaining profit from the bank’s performance,” he said. — JP

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