Indonesia aims to recoup nearly RM33b of Asian financial crisis debt


The task force, established after President Joko Widodo issued a decree to retrieve an estimated 110.45 trillion rupiah ($7.72 billion) of funds, includes officials from several ministries, the police and state prosecutors.

JAKARTA: Indonesia has formed a task force that includes law enforcement officials to go after nearly $8 billion (RM33bil) of unrepaid state funds handed out to bank owners during the Asian financial crisis in the late 1990s, ministers said on Friday.

The government provided billions of dollars of financial support to troubled banks during the crisis to keep them afloat as Southeast Asia's largest economy slumped amid riots that helped topple late strongman president Suharto.

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