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From Rags to Criminal Riches

Tuesday, February 4, 2003

The story of Hendra Rahardja, accused of misappropriating trillions of rupiah from the central bank.

arsip tempo : 173234736287.

. tempo : 173234736287.

THE son of a poor pedicab driver, Hendra Rahardja outgrew his modest beginnings to become one of Indonesia's most notorious banking criminals. Rahardja misappropriated enormous amounts of money from Bank Indonesia and laundered it into personal business interests abroad.

Rahardja's strategy of deception began in September 1997. At that time, Indonesia was experiencing a major economic crisis. The foreign currency exchange rate of the rupiah

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