The Corruption
Eradication Commission (KPK) is investigating the recipients of Bank
Century`s bailout funds, amounting to Rp6.7 trillion, in the corruption
case of the bank`s short-term funding facility (FPJP).
"KPK wants me to provide details of the Rp6.7 trillion bailout funds - where the funds were transferred and the recipients of the funds," said Robert Tantular on Monday.
Robert was also questioned on Friday (Sept 13) on the same case.
"I am unsure because I was detained at the Police Headquarters at that time," he added.
He is unsure if the former president director of Bank Mutiara,
Maryono, knew about the disbursement of the bailout funds. Bank Mutiara
is the name of Bank Century after it was taken over by the Deposit
Insurance Agency (LPS).
On Friday, Robert explained the chronology of the bailout fund request. On October 29, 2008, the management of Bank Century applied for a repo asset facility worth Rp1 trillion at Bank Indonesia (BI/the central bank).
But BI did not grant Bank Century its request. On November 13, 2008, Bank Century suffered from a default problem. So, on November 14, 2008, BI provided Bank Century FPJP amounting to Rp689.
On Monday, the KPK was scheduled to question BI`s Macro-prudential Policy Director Agusman on the same case.
Robert is now serving a nine-year jail term at Cipinang Penitentiary, East Jakarta, because he has been proven guilty of committing three bank crimes.
The Bank Century case opened in late 2008, when the bank faced liquidity and default problems during the crisis.
It collapsed after its liquidity assets amounting to about Rp11.6 trillion were withdrawn, through its security firm Antaboga Delta Sekuritas, and stashed abroad by its owner Robert Tantular.
The ailing bank was then taken over by LPS. Fearing its systemic adverse impact, the government provided bailout of Rp6.7 trillion, through the issuance of FPJP and Temporary Capital Participation (PMS).
The amount provided was far higher than the Rp1.3 trillion then discussed with the House of Representatives (DPR). Thus, the bailout sparked public criticism as it was disbursed without approval from the DPR.
Later, DPR set up an inquiry committee to look into possible violations in the provision of the bailout.
At the end of their inquiry, at the plenary session, seven of the nine factions of the House in the committee mentioned that violations had been committed with regard to the issuance of FPJP and PMS.
"KPK wants me to provide details of the Rp6.7 trillion bailout funds - where the funds were transferred and the recipients of the funds," said Robert Tantular on Monday.
Robert was also questioned on Friday (Sept 13) on the same case.
"I am unsure because I was detained at the Police Headquarters at that time," he added.
 |
| Robert Tantular in prisoners car. |
On Friday, Robert explained the chronology of the bailout fund request. On October 29, 2008, the management of Bank Century applied for a repo asset facility worth Rp1 trillion at Bank Indonesia (BI/the central bank).
But BI did not grant Bank Century its request. On November 13, 2008, Bank Century suffered from a default problem. So, on November 14, 2008, BI provided Bank Century FPJP amounting to Rp689.
On Monday, the KPK was scheduled to question BI`s Macro-prudential Policy Director Agusman on the same case.
Robert is now serving a nine-year jail term at Cipinang Penitentiary, East Jakarta, because he has been proven guilty of committing three bank crimes.
The Bank Century case opened in late 2008, when the bank faced liquidity and default problems during the crisis.
It collapsed after its liquidity assets amounting to about Rp11.6 trillion were withdrawn, through its security firm Antaboga Delta Sekuritas, and stashed abroad by its owner Robert Tantular.
The ailing bank was then taken over by LPS. Fearing its systemic adverse impact, the government provided bailout of Rp6.7 trillion, through the issuance of FPJP and Temporary Capital Participation (PMS).
The amount provided was far higher than the Rp1.3 trillion then discussed with the House of Representatives (DPR). Thus, the bailout sparked public criticism as it was disbursed without approval from the DPR.
Later, DPR set up an inquiry committee to look into possible violations in the provision of the bailout.
At the end of their inquiry, at the plenary session, seven of the nine factions of the House in the committee mentioned that violations had been committed with regard to the issuance of FPJP and PMS.
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