ID :
91258
Tue, 11/24/2009 - 01:46
Auther :
Shortlink :
https://www.oananews.org//node/91258
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BPK MUST EXPOSE FLOW OF BANK CENTURY FUNDS : ICW
Jakarta, Nov 23 (ANTARA) - The Indonesia Corruption Watch (ICW) said the investigative audit by the State Audit Board (BPK) on Bank Century must be able to expose the flow of funds and the parties who benefited from the bank scandal.
ICW Coordinator Danang Widoyoko said in a press statement here on Monday that the interim report of BPK on September 26, 2009 had raised public concern because it seemed that the BPK investigation did not focus on corruption indications as requested by the Corruption Eradication Commission (KPK).
He said the preliminary report talked much about the efforts to salvage Bank Century, namely something behind the disbursement of bailout funds amounting to Rp6.7 trillion through the Short-Term Funding Facility (FPJP) by the Deposit Insurance Agency (LPS).
Widoyoko said that there were indications of deviations in the use of the FPJP fund, among others, the withdrawal of funds by related parties after Bank Century was declared to be under the special supervision of Bank Indonesia (BI/the central bank).
This was regardless of the BI request that Bank Century ban withdrawal of funds on deposit accounts of parties related to Bank Century or other parties that had been named by BI.
The funds withdrawn amounted to Rp454.898 billion, US$2.2 million, Au$164.81 thousands and Sing$41.18 thousands.
ICW also said that the financial report of Bank Century which was under the supervision of LPS indicated that during six months in 2009 the bank's obligation to the customers in the form of deposits had declined from Rp10.82 trillion in December 2008 to Rp5.18 trillion in June 2009.
The corruption watch organization suspected that in the six-month period, there was a wholesale withdrawal of cutomers' deposits so that BPK and the relevant parties should trace those who received the funds.
Therefore, the ICW concluded that BI had been very weak in exercising its supervision as indicated in the careless disbursement of FPJP funds that had taken place since November 2008.***4***
ICW Coordinator Danang Widoyoko said in a press statement here on Monday that the interim report of BPK on September 26, 2009 had raised public concern because it seemed that the BPK investigation did not focus on corruption indications as requested by the Corruption Eradication Commission (KPK).
He said the preliminary report talked much about the efforts to salvage Bank Century, namely something behind the disbursement of bailout funds amounting to Rp6.7 trillion through the Short-Term Funding Facility (FPJP) by the Deposit Insurance Agency (LPS).
Widoyoko said that there were indications of deviations in the use of the FPJP fund, among others, the withdrawal of funds by related parties after Bank Century was declared to be under the special supervision of Bank Indonesia (BI/the central bank).
This was regardless of the BI request that Bank Century ban withdrawal of funds on deposit accounts of parties related to Bank Century or other parties that had been named by BI.
The funds withdrawn amounted to Rp454.898 billion, US$2.2 million, Au$164.81 thousands and Sing$41.18 thousands.
ICW also said that the financial report of Bank Century which was under the supervision of LPS indicated that during six months in 2009 the bank's obligation to the customers in the form of deposits had declined from Rp10.82 trillion in December 2008 to Rp5.18 trillion in June 2009.
The corruption watch organization suspected that in the six-month period, there was a wholesale withdrawal of cutomers' deposits so that BPK and the relevant parties should trace those who received the funds.
Therefore, the ICW concluded that BI had been very weak in exercising its supervision as indicated in the careless disbursement of FPJP funds that had taken place since November 2008.***4***
