[lbo-talk] Citibank's Indonesia problem - embezzlement and murder

John Wesley godisamethodist at yahoo.com
Thu Apr 7 16:05:21 PDT 2011


It's hardly anything new.

The whole Suharto era was racked by corruption of this type. Remember Pertamina?

________________________________ From: Ferenc Molnar <ferenc_molnar at hotmail.com> To: lbo-talk at lbo-talk.org Sent: Thu, April 7, 2011 5:21:29 PM Subject: [lbo-talk] Citibank's Indonesia problem - embezzlement and murder

Tip to the Banksters: avoid murdering local politicians.

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"FOR a week now, Jakarta's rich and connected have been appalled by twin scandals at Citibank’s Indonesia operations. A relationship manager at the bank’s wealth management division appears to have stolen Rp. 17 billion ($2m) from clients. In what must be a terrible coincidence, Citibank debt collectors also seem to have killed a customer—a local politician, it turns out—who disputed his credit card bill."

http://www.economist.com/blogs/freeexchange/2011/04/financial_markets                         ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk



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