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
In today’s terms, according to the Federal Reserve Bank of Minneapolis
consumer price index calculator, the CD is worth more than $6.2
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
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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