Kebon Sirihs Mysterious Shares
Just like Bulog and military foundations, there is strong evidence that the Bank Indonesia Employees Welfare Foundation (YKKBI) is just an excuse for senior officials to reap profits in an inappropriate manner. An audit by the Supreme Audit Agency shows that the more than Rp2 trillion funds YKKBI has placed in a number of investments have been gobbled up by a variety of inefficiencies. Corrupt and collusive practices that grow on fertile ground at the central bank offices in Kebon Sirih have made the fate of a number of its subsidiariesranging from a banknote paper factory to a potato plantationuncertain. It has been discovered that, in the money-laden projects that the foundation manages, the Kebon Sirih high officials turn out to possess massive mysterious shares.
October 7, 2003
THE important document was finally released. On August 6, the Supreme Audit Agency (BPK) published a report on the results of their audit on the Bank Indonesia Employees Welfare Foundation (YKKBI). Completed in the second semester of 2001, for some reason, for one and a half years, the document was kept in the drawers of a BPK senior official and was not included in the book on investigation results (see TEMPO June 9-15, 2003).
The results are tru
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