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Shifting Gears.(Brief article)
Byline: Joe Cochrane
Indonesia's president Susilo Bambang Yudhoyono came to office in 2004 vowing to fight corruption. He created a crack investigative team to go after tycoons who had looted the state's coffers during the Suharto era. But Yudhoyono's efforts have flagged of late, in part, Jakarta says, because many Indonesian magnates had fled to nearby Singapore, famed for its strict banking secrecy. They included three of the five most wanted businessmen, claims Indonesia.
Now the hunt may be back in gear. Last week, after three decades of tense negotiations, the two sides hammered out extradition and defense treaties. Singapore denies this has ...
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