Wed, 31 Aug 2005

AGO seeks bad money from Swiss banks

JAKARTA: The Attorney General's Office (AGO) is approaching the Swiss government to sign a bilateral agreement that would help the AGO to track down funds stashed by corrupt Indonesian officials in Swiss banks.

"We are now trying to work out a bilateral agreement with Switzerland," said Tarwo Hadi Sadjuri, a director of the AGO's special crimes division, on Tuesday.

He said that several other countries, including Singapore, had agreed to provide legal assistance for the AGO in tracking down embezzled funds.

Billions of dollars are believed to have been squirreled away by the country's corrupt officials in overseas banks to evade investigation here. Finding all the ill-gotten money is part of the current government's efforts to curb rampant corruption here. -- detikcom