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OJK commissioner candidates may have conflicts of interests: ICW.

Jakarta Post

| March 19, 2012 | COPYRIGHT 1999 PT Bina Media Tenggara. (Hide copyright information)Copyright

Byline: Hans David Tampubolon, The Jakarta Post, Jakarta

Vested interests might play a role in the selection of 37 candidates vying for the top positions at what could be the nation's financial super-body, given their track record, a corruption watchdog says.

Most candidates are still related to the current financial regulators, the Indonesian Corruption Watch (ICW) said in a report, adding there are no civilian representatives with the criminal law background needed for law enforcement for the Financial Services Authority's (OJK) board of commissioners' posts.

"In total, there are 20 candidates that have questionable track records -- five of whom have retired and are too old and eight of whom pose possible …

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