Five officials to be tried for violating banking laws<\/p>\n
JAKARTA (JP): Five officials from two private banks closed
\ndown by the government last year are to be brought to trial for
\nallegedly violating banking laws, an officer said yesterday.<\/p>\n
Col. Made Mangku Pastika, who heads the National Police
\neconomic crime unit, said the accused were Ahmad Fedbi Fadhilla
\nand Candra Wijaya, respectively the chief commissioner and
\noperational director of Bank Citrahasta Dhanamanunggal; and Bank
\nDwipa Semesta executives Bambang Samijono and Wiyono Karya
\nWagena, and Benny Ondang, who owns the latter bank.<\/p>\n
Dossiers on the five have been submitted to the prosecutor's
\noffice, Made said.<\/p>\n
He said that Bambang had fled Jakarta and was now on the
\npolice most wanted persons list, but he did not reveal whether
\nany of the other suspects were in police custody.<\/p>\n
The two banks are among nine currently under police
\ninvestigation at the request of Bank Indonesia, the central bank.<\/p>\n
The other banks are Sejahtera Bank Umum, Bank Harapan Sentosa,
\nSouth East Asia Bank, Bank Pacific, Anrico Bank, Bank Kosagraha
\nSemesta and Bank Pinaesaan.<\/p>\n
Made said executives of the nine banks had breached the legal
\nlending limit and did not report this fact to accounting staff,
\nin direct violation of Law No.7\/1992 on banking.<\/p>\n
The violation carries a maximum penalty of six years in jail
\nand a fine of Rp 6 billion.<\/p>\n
Bank Indonesia director Achjar Iljas said on Wednesday that
\nloans made by the banks to their owners and affiliated companies
\nhad exceeded the maximum limit set by the central bank.<\/p>\n
He said the central bank filed cases against four of the banks
\nwith police in May. This was followed up with a further two in
\nJune and three more in July.<\/p>\n
The government liquidated the banks in early November last
\nyear as part of efforts to restructure the ailing banking sector.
\n(ivy)<\/p>",
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