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)