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

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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