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

Ferenc Molnar ferenc_molnar at hotmail.com
Fri Apr 8 10:58:45 PDT 2011


Wasn't Pertamina a national (or nationalized) Indonesian company?   

In any case, my guess is that if the scandals that brought Citibank's Indonesian practices to light are rich victims of fraud and a murdered local politician then this is the tip of the iceberg.

http://www.reuters.com/article/2011/04/07/citibank-indonesia-idUSJKB00445120110407

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"It's hardly anything new. The whole Suharto era was racked by corruption of this type. Remember Pertamina?"

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