Investors want a slice of Jakarta - Indonesia to privatize state owned banks - Brief Article

Business Asia, April 14, 2000 by Cameron Cooper

One difficulty of the Australian legislation is that it governs all actions taken after December 18 last year. But even if an agency agreement had been signed three years ago, if an inappropriate payment is made under that agreement after December 18 it could now constitute an offence.

While acknowledging that corruption has been widespread in Indonesian business circles in the past, Hallett said the Wahid Government had made legitimate efforts to cleanse the system.