AGO Looks Overseas in Hunt for $1b in Century Assets
Heru Andriyanto |
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The Attorney General’s Office has contacted authorities in Switzerland
and Hong Kong to seek assistance in retrieving stolen assets worth more
than $1 billion allegedly embezzled by two suspects in the PT Bank
Century fraud case.
“The joint team on the Bank Century case
has asked the Swiss authorities to help return cash collateral worth
$220 million held at Dresdner Bank of Switzerland,” AGO spokesman
Didiek Darmanto said on Monday. “We have been informed by the new
management of the bank that the fund is now down to $156 million.”
The
government, beginning in November 2008, controversially injected a
total of Rp 6.7 trillion ($710 million) in bailout funding to rescue
the ailing lender.
Didiek said the team also had sought help
from authorities in Hong Kong to track and seize assets belonging to
former Bank Century shareholders Hesham al Warraq and Ravat Ali Rizvi.
The two are suspects in the case but remain at large.
Didiek
said the two were alleged to have stashed $650 million in stolen Bank
Century assets in Standard Chartered Bank and another $388.8 million in
ING Bank in Hong Kong.
The joint team, led by Finance Minister
Sri Mulyani Indrawati, includes officials from the AGO, the National
Police, the Financial Transaction Report and Analysis Center (PPATK),
the central bank, the Capital Market and Financial Institutions
Supervisory Agency (Bapepam), the Ministry of Justice, the Ministry of
Finance and the new management of Bank Century, which has been renamed
PT Bank Mutiara.
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