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October 09, 2009
Jakarta Globe
Sukarno Funds Reportedly Turn Up in Italian Underworld
Could this be the long-rumored revolution fund, Dana Revolusi?
An Italian news portal is reporting that Italian authorities have arrested two
underworld figures caught in possession of a 1961 certificate of deposit worth
$870 million made payable to the late President Sukarno.
In today’s terms, according to the Federal Reserve Bank of Minneapolis consumer
price index calculator, the CD is worth more than $6.2 billion.
Il Sole 24 Ore.com reported on Wednesday that the Guardia di Finanza, a police
force under the authority of the Italian minister of economy and finance, was
investigating the origins of the Credit Suisse certificate and how it found its
way into the hands of two reputed members of the Ndrangheta crime syndicate.
The men were detained in the municipality of Rosarno, Reggio Calabria province,
on Sept. 29 and have been charged with money laundering.
Indonesian Ministry of Foreign Affairs spokesman Teuku Faizasyah told the
Jakarta Globe that the ministry was unaware of these developments but would
look into the matter.
Sukarno, Indonesia’s founding president who ruled from 1945 until he was ousted
by strongman Suharto in 1967, died in 1970. He is remembered fondly for guiding
Indonesia to independence, but his legacy remains mixed.
The Dana Revolusi, said to be worth billions of dollars, disappeared after
Sukarno was deposed. Over the decades several fruitless attempts were made to
trace the funds, and various documents supposedly connected to the money have
surfaced, but all have been proven fraudulent.
Il Sole, a respected Italian business daily, reported that a court in Reggio
Calabria, with the assistance of a “special police tax unit” of Guardia di
Finanza from Milan and Palermo in Sicily, was attempting to trace the origins
of the certificate.
Albert Reda, provincial commander of the Guardia di Finanza in Reggio Calabria,
was quoted as saying that “ample documentation” had been found, but that the
investigation was still ongoing.
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