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SINGAPORE ASSURES RETURN OF ILL-GOTTEN ASSETS TO INDONESIA.

AsiaPulse News

| May 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, May 1 Asia Pulse - Prime Minister Lee Hsien Loong of Singapore assured the return of assets to Indonesia of Indonesians in his country convicted of corruption.

"We have a regulation ruling the return of the assets of law fugitives to their countries," Lee told reporters after the signing of an extradition agreement between the two countries in Tampak Siring, Bali last weekend.

He said the Indonesian government already succeeded in confiscating the assets of a number of corrupt Indonesians in Singapore.

"The law on banking secrecy is not made to protect criminals," he said.

The agreement is seen as a milestone in the cooperation between the two neighboring countries after Indonesia has to wait for around 30 years to persuade ...

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