Asia

The Corruption Eradication Commission (KPK) has started a new investigation into the alleged corruption surrounding the 2008 Bank Century bailout, the antigraft body has confirmed.

“It is a new investigation into the case after [the conviction of] Budi Mulya,” KPK spokesman Febri Diansyah said on Thursday, referring to the first and only suspect named in the case.

Budi, who served as Bank Indonesia (BI) deputy governor during the time of the case, was found guilty of abusing his authority by channeling short-term financial assistance (FPJP) worth Rp 689 billion to keep Bank Century afloat and by falsely claiming that the bank posed a systemic threat to the country’s financial industry, making it eligible for Rp 6.7 trillion from the Deposit Insurance Corporation (LPS).

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