Travel ban imposed on ex-bank owners<\/p>\n
JAKARTA (JP): The government has issued travel bans on the
\nformer owners of three defunct commercial banks for their alleged
\nmisuse of Government Liquidity Support (BLBI) funds, an official
\nsaid on Tuesday.<\/p>\n
The three businessmen are Sjamsul Nursalim, Samadikun Hartono
\nand David Nusa Wijaya.<\/p>\n
The director for supervision and operations at the Directorate
\nGeneral of Immigration, Muhammad Indra, said the ban became
\neffective on Dec. 22, 2000, and would remain valid for one year.<\/p>\n
\"The government imposed travel bans on the three former bank
\nowners at the request of the Attorney General's Office, dated
\nDec. 22, 2000,\" Indra said at his office.<\/p>\n
The request was signed by Deputy Attorney General for
\nIntelligence Affairs Lt. Gen. (ret) Yusuf Kartanegara.<\/p>\n
Indra said immigration officials at Soekarno-Hatta
\nInternational Airport prevented Sjamsul from leaving the country
\nlast week.<\/p>\n
Meanwhile, the spokesman for the Attorney General's Office,
\nMuljohardjo, said the travel bans were necessary to expedite the
\ninvestigation into the three suspects, who allegedly misused the
\nliquidity funds channeled through Bank Indonesia between 1998 and
\n1999.<\/p>\n
\"The travel bans were issued due to the intensifying
\ninvestigation into the BLBI case. We want to prevent the suspects
\nfrom escaping the investigation,\" he said at his office.<\/p>\n
Sjamsul Nursalim, the former president director of PT Bank
\nDagang Negara Indonesia (BDNI), is suspected of having misused
\nsome Rp 4 trillion (US$421 million) of the liquidity funds.
\nSamadikun Hartono, the former owner of the defunct Bank Modern,
\nis accused of having misused some Rp 190 million of the Rp 2.5
\ntrillion in liquidity support the bank received.<\/p>\n
David Nusa Wijaya, alias Ng Tjuen Wei, is the former owner of
\nthe defunct Bank Servitia. He is accused of misusing some Rp 681
\nbillion of the Rp 1.27 trillion the bank received from the
\ncentral bank.<\/p>\n
Muljohardjo said the three businessmen had previously been
\nbanned from traveling overseas, but this earlier ban expired on
\nMay 27, 2000.<\/p>\n
The government channeled some Rp 144.5 trillion in emergency
\nliquidity support to 48 banks in an effort to prop them up during
\nmassive bank runs as confidence in the banking industry plunged
\nto its lowest point and the country's financial crisis deepened.<\/p>\n
A Supreme Audit Agency report stated that some Rp 138.4
\ntrillion of the emergency loans, or 95 percent, were either
\nmisused or channeled in violation of banking regulations.<\/p>\n
Muljohardjo also revealed that former central bank governor
\nSoedradjad Djiwandono would be questioned as a witness in the
\nBLBI case on Wednesday. (01\/bby)<\/p>",
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