Refleksi: Alangkah hebat sendiwara SBY dan sobat-sobatnya. Bila Anda tidak puas 
adalah kesalahan sendiri, bukan sutradara dan para aktor. 

Ayo ramai-ramai tepuk tangan
  


http://www.asiasentinel.com/index.php?option=com_content&task=view&id=2310&Itemid=175


Indonesian Banking Probe Winding Down

      Written by Our Correspondent     
      Saturday, 20 February 2010  

      It's down to Bakrie and the President now, say insiders


      With the deadline nearing for a fractious and politically motivated 
investigation into a massive and controversial 2008 bank bailout to end, 
Indonesian President Susilo Bambang Yudhoyono seems to finally be taking the 
reins and using his influence to bring the proceeding to a middle-ground 
conclusion. 

      Political insiders say Yudhoyono is moving to shore up his cabinet and 
face down a challenge from powerful tycoon and Golkar Party chief Aburizal 
Bakrie, who has been using the investigation to try and oust reform-minded 
Finance Minister Sri Mulyani Indrawati.

      At stake are the reform credentials of Yudhoyono's government, which has 
been nearly paralyzed by the probe into the $700 million rescue of Bank 
Century. The House of Representatives launched the special investigation in 
December, shortly after Yudhoyono was inaugurated for a second-five year term.

      Critics in the House committee have said that Sri Mulyani and Vice 
President Boediono, who was central bank governor at the time of the bailout, 
were guilty of providing the lifeline illegally. The two have stood firm, 
saying the action was necessary to save the banking system from risk during the 
global economic crisis. 

      Century itself, which is now called Bank Mutiara, was looted by crooked 
owners, some of whom are now in jail on fraud charges while others are in 
hiding abroad. 

      On Thursday, Boediono's spokesman, Yopie Hidayat, said that that he was 
"optimistic" that the final results of the probe would be "favorable to us." 

      "I am sure the president will do whatever he can do to solve this 
politically," Yopie said. "Because this is not a legal problem, it is 
political. And we have confidence in the president." 

      The Jakarta Globe reported Thursday that Yudhoyono canceled a trip out of 
town scheduled for this week and has bunkered with his key advisers and 
confidantes in Jakarta ahead of the expected release of the committee's 
findings next week.

      Jakarta sources say that Bakrie may have overplayed his hand when he 
publicly threatened the president's political party over the probe. As talk 
swirled last week of a move by the Democratic Party to oust Golkar from an 
increasingly frayed ruling coalition, Bakrie grew visibly angry. 

      "[The Democrats] are not the president," Bakrie said during a 
high-profile visit to the House chambers last week. "Every party has an equal 
position and it was written in the coalition agreement. We can't threaten each 
other. I never threaten others, so don't ever try to threaten me."

      Following Bakrie's outburst, Golkar lawmakers and their allies on the 
committee began taking reporters aside and insisting they had hard evidence 
that Yudhoyono and his party had fraudulently used Bank Century bailout funds 
to finance last year's presidential campaign. 

      But on Tuesday this week, the parties on the House committee all said 
they could find no such evidence in what they called a "preliminary" finding. 
The conciliatory language seemed to presage a climb down for all sides. 

      In reality, of course, there has been no meaningful investigation. The 
entire House proceeding has been a political tug of war as Golkar and several 
other parties nominally allied with Yudhoyono sought to push the envelope in 
hopes of getting the finance minister and the vice president to walk the plank.

      Apparently they finally went too far even for Yudhoyono, who is famously 
both indecisive and patient. 
      "Bakrie's threat was too much," said one seasoned analyst with access to 
the presidential palace. 
      With Bakrie's far-ranging companies dependent on government contracts and 
constant financial deals subject to regulatory scrutiny, the analyst said, the 
tycoon is "vulnerable." 

      While stopping short of saying that Bakrie has been warned by the 
president, the analyst said that the tycoon could easily find his financial 
transactions delayed by financial regulators. Deals the Bakrie Group, which is 
involved in construction, mining, plantations and numerous other businesses, 
has for lucrative service contracts with state-owned enterprises "might be put 
on hold," the analyst said. 

      Bakrie is already facing several tax cases that the president has said 
must be settled. Sri Mulyani oversees tax collections and it is widely believed 
that her aggressive approach to tax policy is behind Bakrie's intense desire to 
get her out of the government. 

      In the past, Bakrie is presumed to have done many favors for Yudhoyono 
and to have helped finance his political rise. When he took control of Golkar 
late last year after the party unsuccessfully challenged the president at the 
polls, Bakrie brought it back into the ruling fold, perhaps because he thought 
he could dictate terms to Yudhoyono.

      "The president thinks they are now even," said one source referring to 
Bakrie. He noted that the government had acted to deflect Bakrie from having to 
accept responsibility for the 2006 disaster in which a mining accident was 
followed by a vast mud flow that has destroyed thousands of hectares of land in 
East Java and displaced thousands of people. 

      Bakrie's PT Lapindo Brantas mining company has been blamed for the 
disaster by some foreign geologists who say the firm's gas exploration went 
wrong, triggering the mess. Bakrie's side says the mud flow was caused by a 
distant earthquake. The government has dropped legal proceedings against 
Lapindo that could have resulted in hundreds of millions of dollars in losses 
for Bakrie, who was Yudhoyono's minister for human welfare at the time of the 
disaster. 

      Also last week, an old rumor resurfaced that Sri Mulyani would be moved 
to the central bank governorship as a way of mollifying Bakrie. That now is 
also off the table, a government source says. "She is staying," he said. 

      A number of old-line business tycoons also seem to have been quietly 
supporting Bakrie's bid to get Sri Mulyani out of the way. "She has a lot of 
enemies," said a local observer after a dinner with a gang of pro-Bakrie 
businessmen. "They want her gone."

      In contrast to those who would like to see the country maintain its 
opaque ways of doing business, foreign investors see Sri Mulyani and Boediono 
as leading lights for their efforts to modernize business practices and 
governance. If either or both of them lose out, it could be seen as a major 
step backward for Indonesia. 

      The most likely end game? The House proceeding will conclude that the 
bailout was not technically illegal and the finance minister and the vice 
president will stick around, says one insider involved in negotiations for a 
settlement. 
      Minor concessions will go to Bakrie, perhaps in the form of banking 
regulators more to his liking. "But who knows?" said the source. "Anything 
could happen still." 
     


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