March 6, 2007 edition
International
PT Industri Sandang I gave away its asset in the upscale area of Patal, Senayan, South Jakarta. Without any tender process, Finance Minister J.B. Sumarlin, on behalf of the government, appointed Anthony Salim, son of tycoon Liem Sioe Liong, through PT Delta Graha Citra, as its business partner. What a sweet deal it wasassets of Industri Sandang in Senayan, valued at Rp115.8 billion, were to be exchanged for land and a modern factory in Teluk Jambe, Karawang, plus 10 percent of the shares in the superblock project in Patal Senayan.
But the deal fell through. The quality and condition of the factory fell short of what was promised. Rejection of the deal from the directors of PT Industri Sandang I had, at one point, made the exchange process tough. During the six years of the land-swapping process, members of the board of directors of PT Industri Sandang I had changed three times.
After President Suharto had requested that it be finalized, the land swap was completed at last. In 2000, the Supreme Audit Agency (BPK) announced that the land swap had cost the government Rp121.63 billion. Nevertheless, the case remains pending up until now.
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Cover Story
The disputed case of the Rp425 billion owned by Tommy Suharto will be heard in the Guernsey District Court, Great Britain. The Indonesian government has prepared a stack of documents in order to prove that these funds were illegally obtained by means of corruption, collusion and nepotism, carried out by the youngest son of former President Suharto. Tommy insists the money is his.
However, one point has escaped the publics notice: in 2004 Tommy withdrew Rp90 billion of his money from the London branch of Bank Paribas. The bank was willing to release the money because the Indonesian government had guaranteed that the money was not in dispute. Tommy had hired the Law Offices of Ihza & Ihzafounded by former Minister of Justice & Legal Affairs, Yusril Ihza Mahenderato handle the disbursement of the money. Was Yusril involved? And how far did Justice & Human Rights Minister Hamid Awaludin intervene in the case?
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Tempo Talks
Improving Connectivity, Boosting Cooperation
This year, Indonesia and India mark 75 years of diplomatic relations. However, the ties between the two nations have existed much longer, predating the establishment of the Republic of Indonesia and the Republic of India. These connections span social, cultural, religious, economic, and trade aspects. But do those close ties of the past have any bearing on the present relationship? Why is there no direct flight between the capitals of the two countries?
Indian Ambassador to Indonesia and Timor-Leste, Sandeep Chakravorty, shares his views on this matter at TEMPO TALKS.
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