Catwalk empire
Courtroom dramas involving corruption and bribery scandals reveal the dark side of Indonesia’s banking system.
Indonesia is home to more than 60,000 millionaires and 20 billionaires – double the number from just two years ago. Its financial sector is sizzling with deals – and scandal – from the top down.
From a bribery case involving a former Bank Indonesia governor that has implicated dozens of politicians, to Citibank, where an employee is charged with skimming millions from her customers.
The two cases highlight fears about endemic corruption within Indonesia’s banking sector.
With consumer credit booming, there is also concern about heavy-handed tactics being used on customers who fall behind on payments. Such as one customer, who was called into a Citibank branch to discuss his debt and wound up dead.
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