3/09/2010

Indonesia lawmakers back criminal probe on bailout - Financial Markets - SanLuisObispo.com

Indonesia lawmakers back criminal probe on bailout - Financial Markets - SanLuisObispo.com

Indonesian's parliament called for a criminal investigation into a $715 million government bank bailout in a vote that a newspaper described Thursday as a major blow to President Suslio Bambang Yudhoyono.
Indonesia's independent anti-corruption commission already has been looking into the November 2008 bailout of Bank Century, so the parliamentary vote late Wednesday was a largely symbolic gesture on an issue that has dominated the country's politics in recent months. Still, the move could undermine Yudhoyono's governing coalition.
The Jakarta Post newspaper described the vote "as a major blow" to Yudhoyono, adding it was "a resounding vote of no confidence in the government's decision to bail out Bank Century."

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