Indonesian Political, Business & Finance News

Funds missing from village bank

Funds missing from village bank

DILI, East Timor: Governor Abilio Jose Osorio Soares confirmed reports yesterday that Rp 29 million (US$12,608) has gone missing from the administration's rural bank.

Without revealing any identities, he said administrative sanctions have been taken against those responsible and that the provincial government is now trying to find the vanished funds.

"Legal procedures will also be taken," Abilio said as quoted by Antara about his next course of action.(mds)

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