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Jakarta Post

Indonesian tycoon fights graft allegations in BLBI bailout case

  • Kharishar Kahfi

    The Jakarta Post

Jakarta   /   Sun, June 23, 2019   /  07:20 pm
The Jakarta Post Image
Corruption Eradication Commission deputy chairman Laode M. Syarif (central), accompanied by another deputy chairman, Saut Situmorang (left), and KPK spokesman Febri Diansyah, speaks during a press conference on new suspects related to graft in the disbursement of Bank Indonesia Liquidity Support (BLBI), at the KPK headquarters in Jakarta on June 10.(Antara/Reno Esnir)

A civil lawsuit against an audit report produced by the Supreme Audit Agency (BPK) on the Bank Indonesia Liquidity Support, also known as the BLBI, is in the spotlight again in the wake of businessman Sjamsul Nursalim being named a suspect of corruption pertaining to the disbursement of the funds. The audit report, released by the agency in August 2017, has been used by the Corruption Eradication Commission (KPK) to incriminate the tycoon and Syafruddin Arsyad Temenggung, the former chairman of the Indonesian Bank Restructuring Agency (IBRA), in a graft case on irregularities surrounding the BLBI bailout loan. It reportedly confirms the antigraft body’s suspicion that there were irregularities pertaining to the BLBI disbursements from 1999 to 2004 that had caused Rp 4.58 trillion (US$321 million) in state losses. During a press briefing on Wednesday, a lawyer represen...