Depression-struck nation seeks profound political change
Article Abstract:
Indonesian citizens have begun to demonstrate against corruption in their districts in the wake of former President Suharto's resignation. The general feeling of discontent among the people of the lack of reforms in society is the reason for the current spate of demonstrations. Some analysts fear the protests may lead to more violence if they continue. Citizens of Ngestihardjo in the Bantul District have stormed the office of their village head, Fajar Pribadi, demanding his resignation due to alleged corruption. Mr. Fajar, who asserts his innocence, believes the people are being used by his political enemies to further their interests.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Suharto denies reports; ex-president says he has no funds overseas
Article Abstract:
Former Indonesian strongman Suharto has denied anew charges that he has a $9-billion account in an Austrian bank, in his firmest denial of the issue ever. In a rare public appearance at the attorney general's office, Suharto brought letters authorizing the country's investigators to look into accounts in his name at Austrian or Swiss banks and repatriate any funds uncovered. The allegation was one of the hottest campaign issues in the country, after rumors floated in the weeks following the riots that triggered his resignation that he transferred the amount to European banks.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Suharto relinquishes control of trusts to government
Article Abstract:
Former Indonesian President Suharto, endangered by almost daily student protests and potential house arrest, has handed over control of seven foundations having some $530 mil to the Indonesian government. Inspite of the news, roughly 2,000 student protestors again staged a demonstration near Suharto's home, demanding that he be tried for abuse of power. Questions regarding what assets are left in the foundations tempered the enthusiasm over Suharto's decision.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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