Monday, January 31, 2011

RI asks for Swiss help to recover Bank Century assets

Indonesia wants Switzerland's help to recover assets connected to the Bank Century bailout allegedly sheltered in Swiss banks.

President Susilo Bambang Yudhoyono said he discussed the issue with Swiss President Micheline Calmy-Rey this weekend.

"The first issue I raised during my meeting with the President of the Swiss Confederation in Davos was the need for cooperation between Indonesia and Switzerland in recovering the assets, some of which are believed to be kept in Switzerland," Yudhoyono said as quoted by Antara news agency during a layover Zurich International Airport on early Sunday morning local time en route to Jakarta.

Switzerland has been less cooperative in recovering the assets of Bank Century, now Bank Mutiara, Yudhoyono said, quoting a government report.

"The Swiss President explained they actually wanted to cooperate but needed documents explaining the legal side [of the Century case] so that the request can be processed," Yudhoyono told the press.

"I therefore told the Swiss President that the Indonesian team will return. We hope there will be good cooperation and we've asked [for support from] the World Bank because there has already been cooperation in stolen assets recovery."

The President added the government would follow up on his talks with Calmy-Rey after he arrived in Jakarta.

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