Ex-Bapindo boss has Rp 1b stashed in banks

Ex-Bapindo boss has Rp 1b stashed in banks

JAKARTA (JP): Subekti Ismaun, the former president of Bank
Pembangunan Indonesia (Bapindo) who is being tried on corruption
charges, has Rp 1 billion ($476,000) stashed in five different
banks.

The hearing, at Subekti's trial on Tuesday, heard testimony by
representatives from five banks, all of whom confirmed the
defendant has funds deposited with their institutions.

The representatives were not able to state the source of the
funds.

Subekti is one of four former Bapindo directors being tried in
connection with the Rp 1.3 trillion ($620 million) debacle at the
government-owned bank.

They are accused, individually and collectively, of negligence
in their dealing with businessman Eddy Tansil, who managed to
siphon off over $480 million in loans from Bapindo, bypassing
standard banking procedures. Tansil has already been convicted
and jailed for 17 years.

The government prosecutors are charging the former Bapindo
directors with corruption.

The prosecution in Subekti's trial on Tuesday brought
representatives from Bank Subentra, Bank Danamon, Bank Umum
Servitia, Bank Rajawali, Modern Bank and Bank BNI.

All funds under Subekti's name in these banks have been frozen
by the authorities.

Handayani Listyowati of Bank Subentra said Subekti has been a
client since Oct. 1993, with one account holding $100,000 and
another Rp 234 million.

Jeanette Roeroe of Bank Danamon said Subekti has been a client
since June 1990, one account having a balance of 722,800 yen and
another with $10,000.

Bambang Kushandiwinata said the defendant has a current
account of Rp 23 million and a deposit account of Rp 175 million
at Bank Umum Servitia. Subekti also borrowed Rp 465 million in
1990 and has repaid the loan, Bambang said.

Ignatius Trymulyanto of Bank Rajawali said Subekti has been a
client since February 1990. The balance on his current account is
Rp 344 million. He also had a savings account of Rp 11.8 million.

Laurentius Roreh of Modern Bank said the defendant has an
account of Rp 10.5 million with them.

Aris Sianturi of BNI, in a written testimony, said that
Subekti has a giro account with a final balance reading Rp 77.2
million and a savings account of Rp 93.9 million.

Meanwhile Alexander Haryotowijoyo of Bank Perniagaan said that
Subekti had borrowed Rp 1 billion from his bank to finance the
opening of a mini photo laboratory. (emb)