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View all search resultsBy carving a permanent, legally protected blind spot into its financial system, Indonesia’s new bond shield risks turning the nation into a premier conduit for global money laundering. In a single legislative session, Jakarta may have traded a decade of hard-won international trust for short-term sovereign capital.
The Jakarta Corruption Court on Tuesday sentenced former education minister Nadiem Makarim to 10 years in prison and Rp 809 billion (US$45.4 million) in restitution for causing state losses in the procurement of Chromebook laptops during his time in office, an amount Nadiem said he could not afford.
The Jakarta Corruption Court sentenced on Tuesday former education minister Nadiem Makarim to 10 years in prison for causing state losses in a case involving the procurement of Chromebook laptops during his time in office.
Weak transparency in public institutions creates opportunities for mismanagement and corruption that could threaten Indonesia’s economic ambitions, unless the greater state role in the economy is matched by stronger oversight and accountability, antigraft groups have warned.
The removal marks the latest escalation in a years-long anti-corruption campaign initiated by President Xi Jinping that has seen scores of senior officials and top generals investigated, removed and purged.
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