ID :
98586
Thu, 01/07/2010 - 09:02
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https://www.oananews.org//node/98586
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BI OFFICIAL GRILLED BY KPK ABOUT BANK CENTURY
Jakarta, Jan 6 (ANTARA) - The Corruption Eradication Commission (KPK) examined a central bank director here on Wednesday in connection with the Century Bank bailout case.
Budi Armanto, the director with the Directorate of Bank Supervision, answered questions about Mandatory Supervisory Actions (MSA).
KPK's move is part of its efforts to unveil the case of an injection of Rp6.7 trillion of state funds to bail out the Century Bank in 2008.
MSA refers to actions to improve a bank following a notification from the central bank that the capital adequacy ratio of the bank concerned is already minus and therefore the bank is put under supervision.
"The questions are about MSA," he said after the grilling.
He said KPK investigators have asked about the steps that have been taken by the Century Bank management after the bank was put under central bank supervision.
Budi had also been questioned about the withdrawal of funds in the bank by affiliated parties or those connected with the bank shareholders.
According to the Supreme Audit Board, affiliated parties had withdrawn up to Rp938.6 billion from the bank from November 2008 to August 11, 2009.
Of the amount, Rp594.6 billion was withdrawn by the affiliated parties while the bank received the short-term financing facility (FPJP) totalling Rp689 billion from the central bank and capital participation from the Deposit Insurance Agency (LPS).
According to rules, a bank may not allow fund withdrawals from the accounts of affiliated parties or parties determined by the central bank while the bank is under the central bank's special supervision.
In view of that, the Supreme Audit Board had said that Bank Indonesia (the central bank) had not been consistent in implementing supervision procedures for the Century Bank.
Budi denied the accusation. He said that all acts after the Century Bank received FPJO were the responsibility of the Century Bank management.
Budi admitted he did not know the flow of the funds to the parties. "I do not have the data," he said.
A banking observer, Yanuar Rizky said the KPK's moves to question BI officials were correct.
"This would open the door for investigating alleged corruption by state officials," he said.
Yanuar said BI and LPS injected funds to the Century Bank with the aim of overcoming liquidity problems in the bank. "But in reality the funds were distributed to affiliated parties," he said.
He said BI should not have extended the funds but should have monitored their use after they were extended.
After questioning Budi Armanto, KPK investigators grilled an official of the central bank's Directorate of Supervision, Pahla Santosa.***
Budi Armanto, the director with the Directorate of Bank Supervision, answered questions about Mandatory Supervisory Actions (MSA).
KPK's move is part of its efforts to unveil the case of an injection of Rp6.7 trillion of state funds to bail out the Century Bank in 2008.
MSA refers to actions to improve a bank following a notification from the central bank that the capital adequacy ratio of the bank concerned is already minus and therefore the bank is put under supervision.
"The questions are about MSA," he said after the grilling.
He said KPK investigators have asked about the steps that have been taken by the Century Bank management after the bank was put under central bank supervision.
Budi had also been questioned about the withdrawal of funds in the bank by affiliated parties or those connected with the bank shareholders.
According to the Supreme Audit Board, affiliated parties had withdrawn up to Rp938.6 billion from the bank from November 2008 to August 11, 2009.
Of the amount, Rp594.6 billion was withdrawn by the affiliated parties while the bank received the short-term financing facility (FPJP) totalling Rp689 billion from the central bank and capital participation from the Deposit Insurance Agency (LPS).
According to rules, a bank may not allow fund withdrawals from the accounts of affiliated parties or parties determined by the central bank while the bank is under the central bank's special supervision.
In view of that, the Supreme Audit Board had said that Bank Indonesia (the central bank) had not been consistent in implementing supervision procedures for the Century Bank.
Budi denied the accusation. He said that all acts after the Century Bank received FPJO were the responsibility of the Century Bank management.
Budi admitted he did not know the flow of the funds to the parties. "I do not have the data," he said.
A banking observer, Yanuar Rizky said the KPK's moves to question BI officials were correct.
"This would open the door for investigating alleged corruption by state officials," he said.
Yanuar said BI and LPS injected funds to the Century Bank with the aim of overcoming liquidity problems in the bank. "But in reality the funds were distributed to affiliated parties," he said.
He said BI should not have extended the funds but should have monitored their use after they were extended.
After questioning Budi Armanto, KPK investigators grilled an official of the central bank's Directorate of Supervision, Pahla Santosa.***
