Time was found guilty on two counts. Accordingly, an illustration in the magazine depicting Suharto hugging a large house constituted defamation, because the house reportedly did not belong to him. Time’s report citing a transfer of US$9 billion of Suharto’s money from a bank in Switzerland to an account in Austria could not be proven.
A Tempo source explained how BI’s money to the DPR was part of a project to improve the bank’s image. The reputation of the central bank had been tarnished after a number of its top officials went on trial for corruption charges linked to the Bank Indonesia Liquidity Assistance (BLBI) program.
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