Tempo English Weekly

Law
Tuesday, March 21, 2017

'kansas' Fake Deposits

MEETINGS at the Financial Services Authority (OJK) office over the last two months came to a decision that puts Bank Tabungan Negara (BTN) at a disadvantage. In early February, the OJK decided that government-owned banks must deposit provision funds (reserves) of Rp298 billion in on-call deposits.

The decision came amid the Metro Jakarta Police investigation into the theft of Rp275 billion from four BTN corporate customers: Asuransi Jiwa Mega…

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Tuesday, March 14, 2017

Plundering Parliamentarians

I swear to God, swear to God," said Setya Novanto when he was asked if it was true there was Rp150 billion for the Golkar Party's coffers from money embezzled out of the e-KTP (electronic ID cards) in 2011. Without denying or confirming it, he held up his index and middle fingers to form a 'victory' sign.

Setya Novanto demonstrated this oath to Tempo editors when he visited this magazine's office on Wednesday last week, a day before the prosecution read the criminal charges filed in the massive corruption case surrounding the e-KTP project at the Jakarta Corruption Court.