• Indonesian VP quizzed in corruption case

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    JAKARTA: Indonesian Vice President Boediono has said he was questioned as a witness by anti-graft investigators over a controversial bank bailout, in a case that could prove problematic for the government ahead of polls next year.

    The case centers on a 6.76 trillion rupiah ($584 million) government bailout of small lender Bank Century at the onset of the financial crisis in 2008.

    The total amount paid out to save the bank was far higher than the initial proposal of just 680 billion rupiah, and bailout money was allegedly siphoned off by well-connected depositors.

    Boediono was central bank governor at the time of the bailout and along with other top officials, including then Finance Minister Sri Mulyani Indrawati, authorized the bank rescue.

    AFP    

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