President Yudhoyono urges tracing of embezzled funds

by uusjio | November 27, 2007 at 07:56 pm
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"We have to bring back state money stolen and kept abroad. Trace the state money and bring (it) back here," Yudhoyono was quoted by AFP as saying while addressing the Financial Intelligence Unit, according to the online Detikcom news service.
The Unit works under the central bank and monitors flows of funds into and out of Indonesia.
"We have to cooperate with the World Bank, which initiated the Stolen Asset Recovery (Initiative), so that we will be able to trace and bring home state assets in an appropriate way," he added.
Soeharto is accused by Transparency International of stealing 15 to 35 billion dollars in state assets.
The World Bank has said that the amount he stole per year represented between 0.6 and 1.3 percent of Indonesia's gross domestic product for his 32-year rule.
Soeharto, who stepped down in 1998, has never been convicted of corruption.
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