Comment: Money laundering allegations

April 21, p. 3

Amid irregularities in the police investigation of the death of a Citibank client while talking to bank debt collectors, the local unit of US banking giant is now under scrutiny for money laundering allegations in the wake of an alleged fraud case implicating another bank employee. The Jakarta Post’s Hans David Tampubolon and Nani Afrida explore the issue.

Your comments:

This is a case so big that it will result in a lot of money changing hands. Some will get a little bit poorer and at the same time will not be investigated. And some will get a bit richer by not investigating them — unless hopefully a bank whistle-blower starts to name names.

Devi
Jakarta

This is a high profile scandal. I wouldn’t be surprised that if in a few months or so this case will just ‘disappear’. The money is laundered.

Sari Tjio
The Hague

The bank directors should be sued as accessories for money laundering. Set an example once and for all! They should be forced as well to disclose the names and accounts of Imelda’s clients.

The story indicates they have been allowing irregularities for years, so investigating and prosecuting them should be part of this case. Something cannot go on for long at a bank without the consent of the directors.
If they have been afraid of influential people, it will be very interesting to hear who those were.

Michael
Bali