Golkar to mention 20 names in Century case

The Golkar Party will mention 20 names they deem the most responsible for the controversial Bank Century bailout.

"These people are from Bank Indonesia, the Financial System Stability Committee (KSSK), the Deposit Insurance Agency (LPS), and Bank Century," Bambang Soesatyo, a Golkar member of the House of Representatives’ inquiry committee on the Bank Century case, said in Jakarta on Tuesday.

Bambang added his party had concluded that the bailout was riddled with graft, crime, banking fraud and money laundering practices.

The bailout is considered controversial as it ballooned to ten times its original estimate, to Rp 6.76 trillion (US$716 million).

Finance Minister Sri Mulyani and former Bank Indonesia governor Boediono, now vice president, authorized the bailout in November 2008 during a joint meeting known as the KSSK meeting.