KPK drops probe into BLBI graft scandal. Then govt forms BLBI asset recovery task force

In its latest move to chart an alternative path to resolve the long-running Bank Indonesia Liquidity Support (BLBI) corruption scandal, the government has formed a task force by presidential decree recover trillions in state assets through civil litigation. The establishment of the BLBI asset recovery task force comes after the Corruption Eradication Commission (KPK) was unable to continue pursuing criminal accountability for the suspects in its investigation. The antigraft body announced last Monday that it had had dropped the BLBI probe on April 1, citing a 2019 Supreme Court ruling that acquitted one of its key suspects, former Indonesian Bank Restructuring Agency (IBRA) chairman Syafruddin Arsyad Temenggung. The court ruled that Syafruddin’s issuance of a debt discharge letter, which released a borrower from their obligation to repay governmen…

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  • #KPK KPK BLBI-case #BLBICase asset-recovery #asset-recovery

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