KPK in Race against Time to Resolve BLBI Case
The Corruption Eradication Commission (KPK) is in a race against time to resolve the corruption case surrounding the 2004 Bank Indonesia Liquidity Support (BLBI).
Corruption Eradication Commission (KPK) deputy chairmen Laode M Syarif (center) and Saut Situmorang (left), accompanied by KPK spokesman Febri Diansyah (right), hold a press conference regarding new suspects of corruption at the KPK building in Jakarta on Monday (10/6/2019). The KPK has named businessman Sjamsul Nursalim and his wife suspects related to the Bank Indonesia Liquidity Assistance (BLBI) case. The KPK opened a new investigation into alleged corruption in developing the case of Syafruddin Arsyad Tumenggung, head of the now-defunct Indonesian Bank Restructuring Agency (BPPN).
JAKARTA, KOMPAS — The Corruption Eradication Commission (KPK) is in a race against time to resolve the corruption case surrounding the 2004 Bank Indonesia Liquidity Support (BLBI). In line with the Criminal Code (KUHP), the case will expire in 18 years, which means that criminal charges will have to be filed by 2022 at the latest.
On Monday (10/6/2019), the KPK named Sjamsul Nursalim, owner of the now-defunct Bank Dagang Negara Indonesia (BDNI), alongside his wife Itjih Nursalim, as suspects in the case. This was a development of the case of Syafruddin A. Temenggung, the former chair of the Indonesian Bank Restructuring Agency (IBRA), who was recently sentenced to 15 years of imprisonment by an appeal court. Syafruddin was declared guilty for issuing a letter for BDNI, freeing it of the obligation to pay debts to the government. This led to state losses of Rp 4.58 trillion (US$321.39 million). A cassation, however, has been filed against the case.