Five-year jail term sought for ex-Aspac official<\/p>\n
JAKARTA (JP): In the first trial involving the misuse of Bank
\nIndonesia's credits, the prosecution asked the South Jakarta
\nDistrict Court on Monday to sentence Hendrawan Haryono, the
\nformer credit director of the now defunct Bank Aspac, to five
\nyears in prison for embezzlement.<\/p>\n
Prosecutor Sutyanto said in his indictment the defendant
\ncaused the state Rp 538 billion in losses through the
\nmisappropriation of state funds channeled to the bank.<\/p>\n
The second suspect in the case is Hendrawan's brother Setiawan
\nHaryono, the bank's former president. Setiawan will be tried
\nseparately by the same court.<\/p>\n
Hendrawan stands accused of illegally allocating some of the
\nliquidity funds the bank received from Bank Indonesia to
\nspeculate in the foreign exchange market and to finance the
\noperations of several corporations affiliated with Bank Aspac.<\/p>\n
\"The defendant, along with his brother, violated Article 1 of
\nthe 1971 law on corruption and Article 49 of the 1998 central
\nbank law on corruption,\" the prosecutor said in his indictment.<\/p>\n
The prosecutor also asked the court to order the defendant to
\nreturn the money to the state and to pay a Rp 38 million fine.<\/p>\n
Hendrawan was briefly detained by the Attorney General's
\nOffice in April last year, and was then placed under house
\narrest.<\/p>\n
State prosecutors have filed suits against several banks over
\nthe alleged misappropriation of some of the Rp 144.5 trillion
\nBank Indonesia channeled to 48 banks between 1997 and 1999 to
\nincrease the liquidity of these banks.<\/p>\n
The liquidity support funds, known as BLBI, were supposed to
\nonly be used to reimburse depositors after massive runs hit the
\nbanking industry. But some banks had allegedly used the funds for
\nother purposes, including to bail out debt-ridden companies in
\ntheir groups.<\/p>\n
The Bank Aspac case is the first to come to trial.<\/p>\n
The Attorney General's Office has also filed civil lawsuits
\nwith the Central Jakarta District Court against Bank Pelita, Bank
\nIstimarat, Bank Deka and Bank Centris.<\/p>\n
Judge Hirman Purnakusuma adjourned the trial until next
\nMonday, at which time the court will hear from the defense.<\/p>\n
Meanwhile, Setiawan's trial remains pending due to the
\ndefendant's health problems.<\/p>\n
Setiawan is currently being treated at the Mitra Keluarga
\nHospital in Jatinegara, East Jakarta.<\/p>\n
\"The case against Setiawan will soon be filed with the South
\nJakarta District Court,\" Attorney General's Office spokesman
\nMuljohardjo said. (bby)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/five-year-jail-term-sought-for-ex-aspac-official-1447893297",
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