Indonesian Political, Business & Finance News

Change ownership of Cendana assets

Change ownership of Cendana assets

From Rakyat Merdeka

Allow me to express my opinion about several recent news items
which have drawn many people's attention:

* Regarding efforts to collect the assets of Cendana's cronies
stashed abroad, I suggest that ownership of these assets must be
transferred from the cronies to the Indonesian government, in
this case, the minister of finance. Let the assets in the form of
cash remain in overseas banks, but place their ownership in the
hands of the minister of finance. In this way the government can
enjoy the interest accruing from these deposits. Foreign banks
may not agree to the withdrawal of deposits (belonging to just
anybody) because this means allowing funds to leave the country.
As for immovable assets, they may simply be sold and the proceeds
deposited. The country in which the assets are now stashed may be
willing to help the Indonesian government in this respect.

* Regarding the messy economic condition, I suggest the
government establish a nongovernmental institution, such as an
independent commission. The members, who must be free from
practices of corruption, collusion and nepotism (KKN), would be
authorized to receive reports on practices of KKN. These reports
would then be submitted to the authorities. This is a good way to
eradicate practices of KKN. It all depends on the willingness of
the government, though.

* About the government's plan to relocate victims of Sambas
riots to islands close to East Kalimantan, I suggest the
government choose a fertile island far from Sambas. If the island
is close to Sambas, it is feared that these relocated victims
will be attacked again. The boats carrying Sambas refugees were
intercepted by boats from Sambas the other day, weren't they?

GENDIN

Jakarta

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