-Caveat Lector-

Friday January 12 1:22 PM ET

Indonesian Donor Should've Obeyed the Law -Clinton

WASHINGTON (Reuters) - Indonesian businessman James Riady, who
has agreed to plead guilty to conspiring to make illegal
contributions to campaigns of President Clinton (news - web
sites) and other U.S. politicians, should have obeyed the law,
Clinton said on Friday.

A day after the announcement that Riady has decided to admit his
guilt over federal election law violations, Clinton said, ``I am
not at all concerned about it. I think people should know what
our campaign finance laws are and should obey them.''

The Justice Department (news - web sites) said Riady in a 1992
limousine ride pledged to donate $1 million to Clinton's
campaign. Clinton, who was the Arkansas governor at the time, has
said he does not specifically recall the conversation.

Foreign corporations are barred by law from making U.S. political
campaign contributions.

Taking questions from reporters outside the White House, Clinton
said of Riady, ``Well, I knew him when he was in Arkansas and his
family owned part of a bank there, and I have kept up with him
since.''

LippoBank California, which is affiliated with the Lippo Group,
the Riady family conglomerate in Indonesia, also has agreed to
plead guilty to 86 misdemeanor counts charging that Riady and
former Lippo employee John Huang made illegal foreign campaign
contributions from 1988 through 1994.

Shortly after the $1 million pledge to Clinton, from August
through October 1992, contributions made by Huang were reimbursed
with funds wired from a foreign Lippo Group entity into an
account Riady maintained at LippoBank and then distributed to
Huang in cash, the Justice Department said.

Riady has agreed to pay a record $8.6 million in criminal fines
and to continue cooperating with government investigators, the
Justice Department said. Under the plea deal, he will be spared
from any time in prison.

Riady is scheduled to appear at a court hearing on Tuesday in Los
Angeles, where the case has been filed, a Justice Department
spokesman said. As part of the plea deal, he will surrender and
come to this country even though Indonesia has no extradition
treaty with the United States.


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             Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT

  FROM THE DESK OF:
                     *Michael Spitzer*  <[EMAIL PROTECTED]>
                      ~~~~~~~~~~~~~~~
  The Best Way To Destroy Enemies Is To Change Them To Friends
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