Anti-graft agency wants hefty sentence for ex-official of Bank Indonesia

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[Facilitator's note: Contributed with thanks by Adhi Setyo Tamtomo, International Cooperation Specialist, Komisi Pemberantasan Korupsi, Indonesia.]

Corruption Eradication Commission (KPK) prosecutors called for a 17-year prison sentence for a former Bank Indonesia deputy governor for his alleged role in the bailout of Bank Century in 2008, which resulted in state losses of over US$592 million.?KPK prosecutors said that Budi and his colleagues abused their authority by channeling short-term financial assistance to keep the bank afloat. They falsely claimed that Bank Century posed a systemic threat to the banking sector, making it eligible for a government bailout.

Read the story by Haeril Halim, in The Jakarta Post.

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