***“I don’t have any worries,” Goeltom, 62, said today by telephone. “I’m 
pretty sure the anti-graft body will be fair and they will see the truth.”
 
***Indonesia’s ranking in Transparency International’s Corruption Perceptions 
Index improved last year compared with 2010, according to its latest report.



Ex-Bank Indonesia Deputy Says She’s Suspect in Bribery Case

January 27, 2012, 12:18 PM EST
By Femi Adi and Daniel Ten Kate


(Adds Bank Indonesia’s comment in sixth paragraph.)

Jan. 27 (Bloomberg) -- Former Bank Indonesia Senior Deputy Governor Miranda S. 
Goeltom said the country’s anti-corruption agency has named her as a suspect in 
the bribery case involving her election to the post in 2004.

“I don’t have any worries,” Goeltom, 62, said today by telephone. “I’m pretty 
sure the anti-graft body will be fair and they will see the truth.”

Goeltom’s election sparked one of the highest profile corruption scandals to 
involve Indonesia’s parliament, with more than 20 lawmakers jailed for 
accepting bribes for votes. President Susilo Bambang Yudhoyono has faced 
renewed pressure to stem corruption after a party official came under 
investigation for bribery last year.

Fighting graft is key to Indonesia’s efforts to attract investment after 
winning its second credit rating upgrade in five weeks. Moody’s Investors 
Service on Jan. 19 returned the country to investment level for the first time 
since the Asian financial crisis.

“I am not guilty,” Goeltom said, adding that she never asked anybody to give 
money to lawmakers and that she learned of her being a suspect from local media 
reports.

Bank Indonesia isn’t providing any assisting to Goeltom regarding the case and 
will defer to the the legal process, Difi Johansyah, a spokesman at Bank 
Indonesia, said by text message today.

Minimal Impact

The graft agency may have a tough time proving a connection between those who 
bribed lawmakers and Goeltom herself, Fauzi Ichsan, a Jakarta-based senior 
economist at Standard Chartered Plc, said by phone. The impact of the case will 
be minimal since she is no longer with the central bank, he said.

Her case “is something that attracts the attention of the elite and within 
financial circles, but it’s not something that attracts the interest of the 
mass population,” Ichsan said.

The graft agency said yesterday a former senior deputy governor was a suspect, 
while declining to provide the person’s full name. The agency is only allowed 
to provide the suspect’s initials, which are MSG, spokesman Johan Budi said.

Goeltom’s five-year term as senior deputy governor expired in July 2009. She 
received a doctorate in economics from Boston University, according to the 
central bank’s website.

Muhammad Nazaruddin, former treasurer of Yudhoyono’s Democrat Party, faces 
trial over alleged bribes for building projects for the Southeast Asian Games 
hosted by Indonesia in November. He has connections to businesses worth at 
least 6 trillion rupiah ($669 million), according to the Corruption Eradication 
Commission, or KPK.

Yudhoyono’s popularity slumped after Nazaruddin’s arrest in August. A poll by 
Indonesian Survey Circle published Oct. 16, the most recently released, showed 
46.2 percent approved of his performance, down from 63.1 percent in January 
2010.

Indonesia’s ranking in Transparency International’s Corruption Perceptions 
Index improved last year compared with 2010, according to its latest report.

--With assistance from Novrida Manurung and Berni Moestafa in Jakarta. Editors: 
Patrick Harrington, Paul Tighe

To contact the reporter on this story: Femi Adi in Jakarta at 
fa...@bloomberg.net 

To contact the editor responsible for this story: John Brinsley at 
jbrins...@bloomberg.net 
http://www.businessweek.com/news/2012-0 ... -case.html

[Non-text portions of this message have been removed]



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