Former BI governor Mooy questioned over graft case

Former BI governor Mooy questioned over graft case

JAKARTA (JP): Former Bank Indonesia (BI) governor Adrianus
Mooy testified at the Attorney General's Office on Monday over a
Rp 1.1 trillion (US$91.67 million) graft case in state-owned
investment company PT Bahana Pembinaan Usaha Indonesia (BPUI).

Attorney General's Office spokesman Muljohardjo said the
questioning centered on the takeover of timber company PT Barito
Pacific's debt by BPUI.

An investigation by the Attorney General's Office revealed
that BPUI had allegedly embezzled some Rp 1.1 trillion when it
recovered the debt of publicly listed timber company PT Barito
Pacific in exchange for shares.

"The debt was Rp 1.7 trillion but BPUI only paid Barito some
Rp 628 billion," Muljohardjo told reporters.

The suspects in the case are former minister of finance Ali
Wardhana and former BPUI president director Sudjiono Tiran.

Mooy served his term at BI, which held 80 percent of BPUI's
shares, between 1988 and 1993.

Prosecutors, Muljohardjo said, also questioned Mooy over his
role in the signing of an agreement between BPUI and insurance
company PT Investa Arga (AIA).

According to Muljohardjo, prosecutors wanted to seek
information on the background of the agreement, how the process
was conducted between shareholders, and AIA's option rights in
buying 70 percent of BI's shares in BPUI as stipulated in the
agreement.

Last year, Mooy also testified in a loan scandal which
allegedly caused the central bank some US$1 billion in losses.

Also testifying on Monday were former minister of finance
Bambang Subianto and former president director of state oil and
gas company Pertamina Faisal Abda'oe.

Bambang, a finance minister between 1998 to 1999, testified
over BI's case, particularly on his role as the head of state
banks' credit supervision at that time, which monitored credit
port folio and credit channeling. (hdn)