1999 banking fraud in Indonesia, widely referred as "Baligate"
Bank Bali scandal Baligate
Type
white collar crime, banking fraud, political corruption
Location
Jakarta, Indonesia
Key people
Rudy Ramli, A. A. Baramuli, Setya Novanto, Djoko Tjandra, Pande Lubis, Syahril Sabirin, B.J. Habibie
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The Bank Bali scandal occurred in Indonesia in 1999 when Golkar Party officials colluded with the Indonesian Bank Restructuring Agency (IBRA) to coerce Bank Bali chief Rudy Ramli to pay an illegal commission of Rp546 billion (then equivalent to about US$80 million) to private company Era Giat Prima in order to collect Rp904.6 billion owed by two banks taken over by IBRA.
Part of the funds were used to support then-president B.J. Habibie's re-election bid, but his accountability speech was rejected by the nation's top legislative body after the scandal broke. The scandal was widely referred to as Baligate (after Bank Bali and the Watergate scandal). Most of those involved, including Golkar officials and Habibie aides, were either acquitted or not even prosecuted.[1]
^Dirk Tomsa (3 September 2008). Party Politics and Democratization in Indonesia: Golkar in the Post-Suharto Era. Routledge. pp. 85–. ISBN 978-1-134-04575-4.
The BankBaliscandal occurred in Indonesia in 1999 when Golkar Party officials colluded with the Indonesian Bank Restructuring Agency (IBRA) to coerce...
Jakarta to discuss efforts by BankBali to collect Rp904 billion owed by three banks taken over by the Indonesian Bank Restructuring Agency (IBRA). Tjandra...
of Bank Indonesia, Indonesia's central bank, from 1998 to 2003. In 2009, he was sentenced to two years in jail for his role in the BankBaliscandal. Syahril...
financial corporations include the Bank Baliscandal, BLBI case, Century Bank case, and the Jiwasraya scandal. Investigations into allegations of corruption...
namely: PT BankBali Tbk - established in 1954, then center of a corruption scandal; PT Bank Universal Tbk; PT Bank Prima Express; PT Bank Artamedia;...
be very high. One of the most known controversy of the IBRA is the BankBaliScandal where Golkar Party officials colluded with the IBRA and businessman...
interests ahead of national interests" during the handling of the BankBaliscandal by the B. J. Habibie administration. On another occasion, Sri recommended...
the island of Bali at the request of the U.S. Department of Justice, as part of a corruption investigation linked to the 1MDB scandal. The Indonesian...
Roy also analyzed a leaked conversation between key figures in the BankBaliscandal and declared it to be genuine. Later, he analyzed and declared genuine...
(PDF) on 2012-03-18. Retrieved 2016-03-27. "Khazanah to merge Bank Niaga, Bank Lippo". Jawa Bali Indonesia Business Today. 2008-01-02. Archived from the original...
Commonwealth Bank clients who are tourists in Bali. In 2005, the bank established strategic co-operation agreements with two Chinese banks, Jinan City...
president of the World Bank only to resign after two years over a scandal involving allegations he used his position to help World Bank staffer Shaha Riza...
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, in which then-Prime Minister Najib Razak was accused of channeling...
Counsel Ken Starr during the 1990s Whitewater controversy and Lewinsky scandal investigations, saying "it's going to be a cold day in hell" before another...
response, the International Monetary Fund (IMF) and the World Bank jointly presented Bali Fintech Agenda on October 11, 2018 which consists of 12 policy...
business leaders who signed the initiative of the Prince of Wales known as Bali Communiqué calling for a comprehensive legally binding United Nations framework...
original on 19 March 2018. Retrieved 19 March 2018. "Bali police seize luxury superyacht linked to 1MDB scandal and wanted businessman Jho Low". South China Morning...
August 2001). "Bali monuments to a man's greed". South China Morning Post. Retrieved 26 July 2017. Henk Schulte Nordholt (2007). Bali: An Open Fortress...
Phantom Creeps (1939, Serial) – Jarvis [Chs. 2-12] Honeymoon in Bali (1939) – Priest on Bali (uncredited) Abe Lincoln in Illinois (1940) – Dr. Barrett (uncredited)...
." Shantanu Moitra Abhijeet Qaidi 1575 "Teri Bali Umar Pe Mar Java" Bappi Lahiri Sukhwinder Singh; Bali Brahmbhatt Rang Mahal 1576 "Aaja Re Aaja" Ghulam...
Times, during the June 2022 liquidation process, Zhu and Davies were in Bali, where Zhu tried surfing, and Davies dabbled in painting. Since 2022, Zhu...
in debts. After attempting to evade capture, Pearlman was apprehended in Bali, Indonesia in June 2007. He pled guilty to conspiracy, money laundering,...
Something About 1% (2003) Something About 1% (2016) Something Happened in Bali (2004) Something in the Rain (2018) Song of the Bandits (2023) Songgot: The...
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