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Soiled White Collars

Tuesday, September 9, 2003

Despite strong indications of share trading manipulation, the Lippo Group has once again escaped punishment. Bapepam looks for evidence, but what is needed is political will.

arsip tempo : 173163296970.

. tempo : 173163296970.

THE Capital Market Supervisory Agency (Bapepam) promised that its investigation into the manipulation of trading Lippo Bank shares would need three months, starting from March 2003. As it turned out, it took five months for that agency to declare that the investigation was over. The result was a big zero. Bapepam concluded there was no evidence of wrongdoing. Although there was evidence of procedural violations concerning internal controls a

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