Bank Aspac misallocated BLBI funds

Two Bank Indonesia officials said on Thursday that former Bank Aspac director Hendrawan Haryono had misallocated Rp 583 billion (US$61.4 million) out of the Rp 1.5 trillion Government Liquidity Support Funds (BLBI) it had received from the central bank.

"We only approved the disbursement of the BLBI funds to help Bank Aspac settle its liquidity problems," Askadi, the central bank's deputy director of credit, told the South Jakarta District Court hearing. He said that he wasn't aware of Bank As