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, May 16, 2017

A Shocking Verdict

Things happened quickly, beyond the expectations of Basuki Tjahaja Purnama (Ahok) and his legal team. Right after the panel of judges at the North Jakarta Administrative Court found Basuki guilty, on Tuesday last week, the prosecutor asked to meet with Basuki outside the courtroom. 'Come one, let's chat out back," said one prosecutor.