Indonesian Political, Business & Finance News

House backs request for lifting travel ban

| Source: JP

House backs request for lifting travel ban

JAKARTA (JP): The House of Representatives has called on the
authorities to lift a travel ban on the former top executives of
38 closed banks, House Speaker Akbar Tandjung said on Wednesday.

After meeting with about 40 former executives of the closed
banks, Akbar urged the government to treat the bankers with
justice in accordance with existing regulations.

The former bankers have been prohibited to leave the country
since April following the closure of the banks due to debt
problems.

"They are complaining to the House about the travel ban, which
was supposed to expire six months after April. The authorities
have extended the ban for another six months, saying that the
investigation of their cases has not yet been completed," Akbar
said after the meeting.

He said the authorities extended the travel ban because they
started the investigation on the fifth month of the six-month
period.

"It is therefore not their (the bankers) fault. If the
authorities had started questioning them from the first month, it
would have been completed in six months," he added.

On March 13, the government closed 38 banks, took over seven
and put nine on the recapitalization list. As a consequence, the
Director General of Immigration issued travel bans on 172 bankers
in April at the request of the finance minister. (02)

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