IMF demands investigation of Asian crisis loans

After two years and two investigations have failed to produce a single prosecution or return a single rupiah, the IMF has demanded a new investigation into alleged corruption, reports the Jakarta Post.

The Post quotes Bank of Indonesia internal finance director, Bun Bunan Hutapea as saying " Chances are high that this (probe) will be included in the upcoming Letter of Intent".

The allegations of misuse focus on the dispersal of 144.5 trillion rupiah of liquidity loans to local banks at the heig