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Seizing Suharto’s charity – Foundation among assets to be seized

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The Indonesian government plans to seize the assets of President Suharto, who is under investigation for corruption related to charitable foundations he controlled during his 32-year rule, Reuters reports.

“We are still planning the right moment, and we have the seizure permit in our hands,” said Yushar Yahya, a spokesman for the Indonesia Attorney-General’s office.

During Suharto’s 32-year rule, many well-connected Indonesians used foundations free from financial oversight, Reuters reports.

An office tower in Jakarta’s business district owned by a foundation Suharto chairs will be among the impounded assets.

The 78-year old Suharto—who has been barred from leaving the capital Jakarta – has always denied wrongdoing. After he suffered a stroke last year, his lawyers argued the case should be dropped because of his poor health.

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