Close the Loophole

The deposit at Bank Mandiri claimed by Tommy Suharto obviously belongs to the state. Arguments and strong procedures can be used to recover it.

September 30, 2008

HISTORY tells us that the Timor car project had a congenital defect since birth: it was supported by collusive regulations. Hutomo Mandala Putra’s regular business venture was transformed by President Suharto, his father, into a national car program. Various privileges were given, starting from free import duties and taxes, and mandatory sales to government offices.

Regimes everywhere have limited staying power. The New Order collapsed; so did

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