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Jakarta Post
The Jakarta Post
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BI imposes harsh sanctions on Citibank

  • Esther Samboh

    The Jakarta Post

Jakarta | Sat, May 7 2011 | 08:00 am

PREMIUM Bank Indonesia (BI) announced Friday it was imposing severe sanctions on Citibank following a massive embezzlement scandal by a bank employee and the suspected death of a customer at the hands of debt collectors recently.

The bank possibly faces other sanctions if found guilty of the two crimes by a court.

Central bank deputy governor Budi Rochadi said Citibank was barred from issuin...

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