Aburizal Bakrie

Dec 14th, 2007, in Business & Economy, IM Posts, by

Aburizal Bakrie is Indonesia's richest man.

Forbes Asia list of Indonesia's richest men and families, the top ten: forbes

  1. Aburizal Bakrie and family (Bakrie Group): $5.4 billion
  2. Sukanto Tanoto (April and Asian Agri): $4.7 billion
  3. R. Budi Hartono: $3.14 billion
  4. Michael Hartono (Budi and Michael Hartono, part owners of Djarum and BCA): $3.08 billion
  5. Eka Tjipta Widjaja and family (Sinar Mas Group): $2.8 billion
  6. Putera Sampoerna and family (Sampoerna Strategic): $2.2 billion
  7. Martua Sitorus (Wilmar International): $2.1 billion
  8. Rachman Halim and family (Gudang Garam): $1.6 billion
  9. Peter Sondakh (Rajawali Group): $1.45 billion.
  10. Eddy William Katuari and family (Wings Group): $1.39 billion

Last year Aburizal Bakrie, the Co-ordinating minister for the Peoples' Welfare, came in at sixth, with wealth of $1.2 billion, and Sukanto Tanoto led the rankings.

Aburizal Bakrie
Aburizal Bakrie.

Vice-president Jusuf Kalla ranks 30th while Bambang Trihatmodjo is at 33rd.

In general Indonesia's richest men have seen huge gains in wealth on last year, with their combined net worth rising to $938 billion, up from $575 billion in 2006, which Forbes says is due to strong equity values and healthy real estate markets, as well as the weak dollar.


70 Comments on “Aburizal Bakrie”

  1. avatar Chris says:

    At the risk of being sued, where is the Soeharto family in the list?

  2. avatar raden says:

    Si Abu is getting richer, amien good to him, then ‘bayar dong’ the Porong victims with the right compensation money. I think if he is willing to give back to the victims just $2B out of his $5.4 fortune, it is good enough and will not make him broke

  3. avatar Dragonwall says:

    Comon raden, he has been cracking his head hard enough ever so trying to find a way to get more and more side income being a Ministers, (sounds like corruption, KKN and crony to me) do you think he is going to be that easy to give out his money. You wait ya..ha.ha.ha. And one thing he started with Kadin and then till now, so once he got a seat as Minister he will try very hard not to to lose em.

    He ws actually trying to save the casing money, each worth about 100,000 USD to 250,000 USD in the Porong drilling, I can’t imagine what will he do next after selling it to his crony company Lyte for a song.

  4. avatar Koran Saya says:

    Congrats Mr. Aburizal Bakrie. Please share the secret how to become wealthy to Indonesian people.

  5. avatar Enigmatic says:

    Chris Says: +0

    December 14th, 2007 at 2:20 pm
    At the risk of being sued, where is the Soeharto family in the list?

    One of the Suhartoes is in 33rd if I’m not wrong… As for what business he deals in, Don’t ask me. I don’t wanna get sued.

  6. avatar Cukurungan says:

    dragonwall said:

    He ws actually trying to save the casing money, each worth about 100,000 USD to 250,000 USD in the Porong drilling,

    me :

    Your childish post make me laugh how can Brakrie should be responsible for porong drilling while he is no role or whatever in determining use or not use of the casing in the porong drilling.

    you said:

    I can’t imagine what will he do next after selling it to his crony company Lyte for a song.

    me:

    You don’t need not to be a genius to imagine what his next move, for sure Bakrie won’t need to sell drug and involve in the illegal import like rampant practice committed by Chinese Cukong because BAKRIE could easily get at least $200K /day from EMP only.

  7. avatar Sputjam says:

    What happenend to Lim soe liong? even mahathir’s son married his daughter. what about Lippo group? didn’t they have a building in hong kong?

    And which tycoon’s son married the china ladies badminton player.

    where does panin group, one of few banks in indonesia to survive 1997, fare in all this?

  8. avatar Dragonwall says:

    So where does EMP derive their money from..back track.. all his business lines. There are many people in this world that makes money by the minutes.

    I find that whenever there is a topic you made your posting, it is either you speak religious rubbish or have the tendency of bringing up in sheer discrimination to say won’t need to sell drug and involve in the illegal import like rampant practice committed by Chinese Cukong This is the typical whinning and sighing ever blaming sore loser’s attitudes. Like I want to say this so what kind of unbecoming attitude. I think you are more befitting in the Pasar Senen talkabouts.

    If he is not trying to evade being implicated himself or his goons, why is he selling Lapindo Brantas to Lyte for USD2.00? Do you know exactly the meaning of the word itself. Let me break it up for arsehole like you. Lap Indo Brantas and see how it mean in common terms. (How about Lapangan Indo semua di brantas – sikat)

    And by you saying that he was not involve in a major decision when it was made that involves high risk clearly demonstrated by calling yourself an engineer is simply a misfit.

    I was personally involve with many drilling company from Britain and American way back in the 70’s with companies like schlumberger,Drilco, Roy M Huffington, Parker, Dresser, Intermarine etc etc. I perhaps acquire more knowledge on a corporate level concerning drilling tools, casing, pipes, drill bits right up to drill ship than you know.
    So by trying to say that he does not know much about such major decision indicates the lack of knowledge you have in corporate making.

    Any experience person who was involve will be able to establish Loss Control which I am sure is lacking in the case of lapindo Brantas. And for you to try summed up Abu’s non involvement you are simply obnoxious in running your life.

  9. avatar raden says:

    LAPangan INDO semua diBRANTAS ? ha ha … I really like that, beside Dragonwall demonstrated his petroleum upstream knowledge.
    In the upstream operational excellence practice, there are daily, weekly and montly drilling activities reports. Those reports must be submitted up to the manager, division head, BOD and cc : to BP Migas. In case there is significant anomalies about deviation results from the drilling plan which potentially may impact the EH&S (environment, health and safety) threshold status of the location, especially drilling location with high dense population level like Porong then IT MUST BE REPORTED TO MINISTRY OF OIL & GAS.

    In Indonesia nyawa pribumi jelata di Porong lebih murah dr pd nyawa seorang cukong pribumi congkak

  10. avatar Cukurungan says:

    dragonwall said:
    So where does EMP derive their money from..back track.. all his business lines. There are many people in this world that makes money by the minutes.

    Me:
    Why I have to back track Bakrie business ….why you don’t back track where does OM LIEM, Edi Tansil, Sukanto Tanoto, Syamsu Nursalim, Eka Cipta, Tommy Winata derive their money.

    you said:
    And by you saying that he was not involve in a major decision when it was made that involves high risk clearly demonstrated by calling yourself an engineer is simply a misfit.

    Me :
    You tell me what is procedure, what is MOM or what is your evidence that indicated Brakie involved in a major decision in which lead to the porong drilling disaster.

    You said:
    I was personally involve with many drilling company from Britain and American way back in the 70’s with companies like schlumberger,Drilco, Roy M Huffington, Parker, Dresser, Intermarine etc etc. I perhaps acquire more knowledge on a corporate level concerning drilling tools, casing, pipes, drill bits right up to drill ship than you know.
    So by trying to say that he does not know much about such major decision indicates the lack of knowledge you have in corporate making.

    Me:
    Koh dragon,
    You’re unconsciously disclosed yourself that you involved in benefiting of the parties times when Pertamina under Ibnu Sutowo Leadership ..your ranting is just not because you’re concern upon the maldrilling practice but rather you hate so much toward Bakrie and Panigoro who already swept and acquired many profitable oil consesion blocks while only leaving small portion un-profitable blocks to your crony.

    Knowing better doesn’t guarantee that you will not try to mislead us the real issues whilst you have no evidence
    or whatever that clearly indicated Bakrie was issuing or make companies policy that dis-regard safety drilling practice.

    As stake holders Bakrie would only ask to his investment Teams how long ROI of his investment in Lapindo could be paid off and I don’t think he involved in major corporate decision in the drilling safety issues.

    Raden said:

    In the upstream operational excellence practice, there are daily, weekly and montly drilling activities reports. Those reports must be submitted up to the manager, division head, BOD and cc : to BP Migas. In case there is significant anomalies about deviation results from the drilling plan which potentially may impact the EH&S (environment, health and safety) threshold status of the location, especially drilling location with high dense population level like Porong then IT MUST BE REPORTED TO MINISTRY OF OIL & GAS.

    Me :
    Is Bakrie a drilling engineer in lapindo? No
    Is Bakrie a geologist in lapindo? No
    Is bakrie manager in lapindo?No
    Is Bakrie division head in lapindo?No
    Is Bakrie members of Migas Drilling Inspectors?No
    Is Bakrie head of BPmigas?No
    Is Bakrie Ministry of Oil and Gas?No
    Is Bakrie members BOD in lapindo?maybe yes or maybe no
    Is Bakrie one of share holder Lapindo?Yes

    Based on above QA session, Bakrie would be accountable for only His role of accountability on His position.

    So far, I know Bakrie as BOD or share holder could be considered to violate the law and regulations if it is found that the main business of Lapindo is something illegal like drug trading and extacsy or shabu-2 production but Lapindo business is legal and if within those business activities something went wrong I don’t think the lapindo share holder could be fully blamed for those disaster.

    However, if there is any facts finding that clearly indicated Bakrie memo or company decision with Bakrie approval not to use any casing in all drilling activities hence we can hang Kang Bakrie …Is that clear Koh dragon and Koh raden.

    I can imagine if those Lapindo is owned by a Cukong Chinese, the cukong would simply abandon Lapindo and escape to Singapore and change citizenship and enjoy his time as Retirement WNI cukong in Big Mansion like what had been done by some their brother pencuri orang rakyat in BLBI case.

    From singapore those retired cukong would make regular posting in internet to dis-credit any pribumi businement who succeed to surpass their wealth.

  11. avatar Dragonwall says:

    You pathetic looking whinning people like you. Now so as you know that what you had explained shows you possession of complacency and incompetence.

    To consider the Lapindo projects owned by your so call Cukong Chinese you are merely trying to distract others into believing so and make the ABU looks like dust.

    On the surface you can sum up with many reasons of gross mismanagement and negligence by surveying the loss. Looking into the books and report will further disclose mass manipulation in field work and implementation and that will be far more incriminating that is why the company was sold to Lyte for the top people to escape the hangman.

    So what do you understands about Minutes which are actually simple reports of activities
    and by saying You’re unconsciously disclosed yourself that you involved in benefiting of the parties times when Pertamina under Ibnu Sutowo Leadership ..your ranting is just not because you’re concern upon the maldrilling practice but rather you hate so much toward Bakrie and Panigoro who already swept and acquired many profitable oil consesion blocks while only leaving small portion un-profitable blocks to your crony that really demonstrates you know absolutely FO about oilwell drilling business. We do not have any business dealings with these people in Pertamina although they bought equipments from some of these companies and our base are in Asia predominantly Singapore. Pertamina is not the only company in Asia in the oil business!

    With all your NOs. How about tommy Soeharto who started with his high profile involvement and after he took the loan and have Edy Tansil implicated his records went missing. These instances are similar in politically involve businesses of these people who hide themselve behind the back when something happens. How you mix gross negligence and public liabilities with BLBI corruption and mass manipultation of funds simply tells us the level you were in the company you are with.

    Have you seen the exploration maps and grid from migas? I guess not. We have personally seen literally all the exploration sites left behind by the Dutch with all the well drilled and capped as they were considered to be unfeasible. In Central and South Sumatra.

    In making an investment proposal you have to start with something, and a exploration budget starts by gridding the area and samples obtained from the site. When all reports shows the feasible ROI, then the BOD agrees with the total investment against ROI then plans on how the exploration will be made right up to the the most minute details. Loss Control studies will be made to assure minimal environmental liabilities.
    The plan will consist of everything on equipment used.
    So by imparting these, tell me what you see. Ahh you are telling us that this ABU do not read the report. That is his problem.

    Back track to microsoft case when proposal was sent to them for evaluation what they do and why are they being sued by the billions and they gladly pay of? There must be a reason so figure that up yourself. I don’t think you have the brain to do so anyway.

    So did this ABU knows, of course. People like you don’t grow up but trying to defend those whom you really know they are in the wrong just because they were made your heroes.

    Damn right! Like you said if they are found to be something illegal they are liable. it is illegal to drilling into the ground without considering the public safety and EP in any country, not necessary drugs. Walking away with BLBI’s money if illegal, yeah that is right I do not condone their activities. You are Indonesian yourself and knew very well that if there were no such corrupt officials there will be no such things hapenning.

    Enron’s case all of the top people were implicated, there is no such things that the BOD knew nothing of that. If you say someone in Lapindo took 100 mil for their own use and covered that up, I agree absolutely that the BOD is not liable for that. But not this!

    If all the reports and findings were not tampered then you will find the fingers pointing to them of the misdeeds. talking to people like you is like talking to a piece of sh*t. No Sense.
    You belong to this category like If you say someone 100 mil for their own use and covered that up What else do you know.

    And the reason this ABU is sitting there in his office perhaps he ‘s got the 5.4 billion USD to warm his seat and keep mouth shut.

  12. avatar Cukurungan says:

    dragonwall said:
    On the surface you can sum up with many reasons of gross mismanagement and negligence by surveying the loss. Looking into the books and report will further disclose mass manipulation in field work and implementation and that will be far more incriminating that is why the company was sold to Lyte for the top people to escape the hangman.

    Me :
    Bakrie is neither saint nor prophet he is just normal man that want to clean his hand when he gets dirt.

    You said:
    So what do you understands about Minutes which are actually simple reports of activities
    and by saying You’re unconsciously disclosed yourself that you involved in benefiting of the parties times when Pertamina under Ibnu Sutowo Leadership ..your ranting is just not because you’re concern upon the maldrilling practice but rather you hate so much toward Bakrie and Panigoro who already swept and acquired many profitable oil consesion blocks while only leaving small portion un-profitable blocks to your crony that really demonstrates you know absolutely FO about oilwell drilling business. We do not have any business dealings with these people in Pertamina although they bought equipments from some of these companies and our base are in Asia predominantly Singapore. Pertamina is not the only company in Asia in the oil business!

    Me:
    Of course you can say anything but it is only a stupid China who does not want to get a business deal with Pertamina at that time.

    You said:
    With all your NOs. How about tommy Soeharto who started with his high profile involvement and after he took the loan and have Edy Tansil implicated his records went missing. These instances are similar in politically involve businesses of these people who hide themselve behind the back when something happens. How you mix gross negligence and public liabilities with BLBI corruption and mass manipultation of funds simply tells us the level you were in the company you are with.

    Me :
    Tommy Soeharto is neither my uncle or nephew.

    You said:
    Have you seen the exploration maps and grid from migas? I guess not. We have personally seen literally all the exploration sites left behind by the Dutch with all the well drilled and capped as they were considered to be unfeasible. In Central and South Sumatra.

    Me:
    Of course with your GATEK or “Technology Sepong Tetek”, that oil field would be unfeasible but with a simple technology available in now days such as the waterflood system the Rimau oil field in south Sumatra owned by Panigoro could produce clean crude oil of 20,000 BOPD exclude gas.

    You said:
    In making an investment proposal you have to start with something, and a exploration budget starts by gridding the area and samples obtained from the site. When all reports shows the feasible ROI, then the BOD agrees with the total investment against ROI then plans on how the exploration will be made right up to the the most minute details. Loss Control studies will be made to assure minimal environmental liabilities.
    The plan will consist of everything on equipment used.
    So by imparting these, tell me what you see. Ahh you are telling us that this ABU do not read the report. That is his problem.

    Me:
    Let me simplify it for your aging brain:
    Here below example of the drilling program:
    XXXX Drilling Program
    XX August , 2017
    I GENERAL DATA
    Well Name : XXXXX
    Well Location: XXXXX
    AFE No : XXXXX
    Contract Area: XXXXX
    Operator : XXXXXXX.
    Location: Classification : Infill / Development
    Objective : XXXX Formation Ground Elevation: Approx. XX m (est)
    KB: Approx. XX m (est)Estimated Days : XX days (4 days moving/xx days drilling)
    Spud date : 18 August, 2019 (est)

    II FORMATION TOPS PREDICTION
    III REPORTING
    IV DRILLING PROCEDURE
    V GEOLOGICAL AND MUD LOGGING
    VI DEVIATION SURVEYS
    VII DRILLING ASSEMBLIES
    VIII BIT PROGRAM
    IX CORING
    X MUD PROGRAM
    XI WIRELINE LOGGING PROGRAM
    XII CASING PROGRAM
    XIII CEMENTING PROGRAM
    XIV. EMERGENCY PROCEDURES

    Prepared by Senior Drilling Engineer :
    Reviewed by Chief of DWO :
    Reviewed by Chief Petroleum Engineer :
    Reviewed by Exploration Manager :
    Approved by Operations Manager :

    You can see here that there is no point to shoot on Kang Abu”¦ .do not get wrong…. I am not Bakrie lawyer or even Bakrie Company employ “¦but I do not want to accuse anyone without a solid evidence”¦of course I would be happily to sue Kang Abu if you can help me by showing a clear evidence in regard toward Kang Bakrie Position and accountability in Lapindo Case”¦but so far you can only offer to me “pepesan kosong”.

    Let me step back ward that before any drilling program, there should be AFE drilling program with approval up-to corporate level. If you can show to me that in the approved AFE drilling program that there is clear violation to the safe drilling procedure hence we can hang kang Bakrie.

    You said:
    Back track to microsoft case when proposal was sent to them for evaluation what they do and why are they being sued by the billions and they gladly pay of? There must be a reason so figure that up yourself. I don’t think you have the brain to do so anyway.

    Me:
    It is simple Microsoft have to pay the billions penalties because Microsoft get sued from their fault of company policy that turned to be violate the applicable business regulation.

    You said:
    If all the reports and findings were not tampered then you will find the fingers pointing to them of the misdeeds. talking to people like you is like talking to a piece of sh*t. No Sense.
    You belong to this category like If you say someone 100 mil for their own use and covered that up What else do you know.

    Me:
    Koh dragon jangan marahlah, show me the evidence”¦do not just talking b**l s***it….do not underestimate me I will give you a chance to become my father in law”¦FYI ..I am an adult Muslim man and I glad to give your daughter a golden opportunity to become my fourth wife “¦do not worry I will share the glory and I will tell to other people that my genius because Suhu Dragonwall taught me.

  13. avatar Dragonwall says:

    Ah…the smart dukun engineer admits that this ABU is no saint or prophet and wants to clean his hands when they are dirty.

    Of course you can say anything but it is only a stupid China who does not want to get a business deal with Pertamina at that time.

    Yeah so this is where you fit in the picture otherwise how could Pertamina gone bankrupt and with your presence that make their demise a timely death.

    Tommy Soeharto is neither my uncle or nephew.

    So you see this is your problem. When they are your heroes they are your bro and if they were corrupt you deny any relationship but forever trying to stake claims on Muslim brotherhood.

    That is why you are claiming yourself as GATEK comparing 30 years back to now. So what is 20,00 BPD GATEK? Loose change. Whether China is stupid or not you won’t be the judge to that.

    Copy from what you obtained and comparing to what you know are a whole world apart.

    So you do understand the modus operandi. Admin Mgr, Ops Mgr, Drilling Mgr, Exp Mgr, Div Mgr and then what! To the BOD and another report to shareholders right? So does this ABU knows? You crap.

    Microsoft was reported to have made copies, rewrite and establish on their own and got sued. Lapindo ignore the public safety, and is grossly negligent like Newmont then how come this ABu didn’t know. Whether you are his lawyer for all I care. given the opportunity he will be skinned alive in the court.

    The company that you were employed is paying peanuts to monkeys like you when you said

    but I do not want to accuse anyone without a solid evidence

    Does that happened? Where/ How extensive? Any protest? Who? can’t you see the cause, the damage, the victims? GATEK with pepesan kosong.
    I will asked you to step forward not backward because it becomes your habit, and don’t tell me

    If you can show to me that in the approved AFE drilling program that there is clear violation to the safe drilling procedure hence we can hang kang Bakrie.

    Your text book stuff doesn’t impress me anyway. Where were you in the 70’s? Kissing the arse of Ibnu Sutowo? No I guess ‘kocok mungkin.’

    Will you hold a knife after killing someone? Haven’t you heard the Indonesian culture of destroying evidence especially by people who were holding ministerial position and had 5.4 billion of money (don’t know where it came from) to give away?

    And you are getting personal with me! Before that NGACA DULU GATEK. Where were you when you were 14 or 16? Go tell that to your mother in law and perhaps they might want to be your. Kacung mampet.

  14. avatar Dragonwall says:

    There is a recent report that approximately 204 units of houses donated by this ABU to the Aceh people in Syaih Kuala was destroyed and burnt because they were thought to be hazardous to them as they were built with asbestos..

    If he wants to donates something why is he donating those with materials build with asbes. And of all the Porong trouble which he is not caring but he is more into Aceh for a reason I suppose. Support or aiming at the wells in Lhoksuemawe?

  15. avatar Coconat Cukuran says:

    Cukurungan you comment Cukurungan for Bakri… Hebat…

  16. avatar Dragonwall says:

    Hebat”¦

    There are similarities between this and Yusril’s case. Defending..defending.. to show like what he says the ‘brown cukong’ are more nationalistic and others are being jealous of their accumulation of weath.

    Where was this ABU 20 or 30 years ago?

  17. avatar Dragonwall says:

    One thing I used to take flights in and out of Jakarta, Surabaya and Bandung.
    I used to see you at SHIA when your wife comes and pick you up.

    Tell me how do you sulap 1.2 billion USD in within 1 year and it becomes 5.4 billion uSD?

    I used to be a trader and also work with banks in the treasury department. Financial instruments to me are just routine. It really facinates me how the figures bloated exceeding 400% in within a year just simply amaze me. I heard of CIA siphoning money and launder for clandestine operation and they are known as stealing from the State that is unaccounted for. So what is yours? No actuarial science or meticulation could give such an equation.
    I am aware that you were eyeing the IM blog all the time so speak up and defend yourself. You know so that you are not wrongly accused by people who says you are corrupt.
    The only one person I know of when he was Menko Ekuin was Radius Prawiro. Everyone who receives news of his premeditated devaluation all went to Bank Duta to make personal loan. Quickly they change them into USD after obtaining the loan and the next day change them back to rupiahs and repay the loan and make 100 percent money F.O.C. with compliments from the Indonesian government. I If everyone remembers the last devaluation) Right before my eyes.

  18. avatar Cukurungan says:

    dragonwall said:

    Tell me how do you sulap 1.2 billion USD in within 1 year and it becomes 5.4 billion uSD?
    I used to be a trader and also work with banks in the treasury department. Financial instruments to me are just routine. It really facinates me how the figures bloated exceeding 400% in within a year just simply amaze me.

    Me :

    Koh dragon… haiya..sama la kita olang…..why you pretend to amaze with pribumi simple achievement from middle class traders to a Conglomerate …why you don’t amaze how Om Liem and Eka Cipta can transform their business from “jual pete dan jengkol” to become biggest conglomerate at that times

  19. avatar Aluang Anak Bayang says:

    Re,

    dragonwall Says:

    December 23rd, 2007 at 2:55 am
    Hebat”¦

    There are similarities between this and Yusril’s case. Defending..defending.. to show like what he says the ‘brown cukong’ are more nationalistic and others are being jealous of their accumulation of weath.

    Where was this ABU 20 or 30 years ago?

    Given a choice of a Brown man or Yellow man stealing from our state coffer, we rather it be a Brown man in Indonesia.

    Main point is that if a yellow man steal from Indonesia, the money is gone forever. With Brown man, even if the stolen money is stashed somewhere in a Swiss bank, they will one day be returned; or they can’t run too far away when we had a case against them.

    However far a bangau flies, it will have to return to it sarang one day.

  20. avatar Dragonwall says:

    Now how many Yellow Cukong stole from the state coffer and how many brown cukong stole from the state coffer? Each yellow cukong that manage to take away something from the state were derivatives from the action of a brown cukong. This is undeniable and beyond any shadow of doubts. People who are unrepentent tends to talk so much about democracy, religious, being discriminative all the time.
    They have got big mouth by saying how religious they are and that corruption is a sin and so on but ends up preferring their banggau to steal so that they could return to their nest. Does that solves a problem?
    They debated so much of democracy of a fanatic kind instead what it has to be.
    They brag about not being discriminative and liberal but displayed of despecable comments that shows their hypocracy like a contortionist in the political world.
    Say what will you do next? Like what Juwono Sudarsono say. Indonesia today is the results of the Chinese yes. Comparing some 30 years ago and pre 98 riot tells the difference. The Situation of the country being such devastated corrupt is derivative of the pejabats and high ranking officials.

    Take a look at the amount of missing account from 8 different department as stipulated by the Justice department that corrupt money were stashed and among them is Menko Kesra. How he manage to sulap his asset from 1.2 billion USD last year to 5.4 billion USD this year shows clear cut the amount of corruption money went to, How the poor that was reported at 16 % became 49% will tell you that the poor did not receive what they were suppose to get. And this is the problem of Menko Kesra how he got so rich and the poor got so poor.

    Who knows including banggau like you surely will try and bring back corrupt money when they are safe to return.
    Not forgetting that the yellow cukong are also WNI. If there is a law then it makes no difference whether he is yellow or brown, they will still meet the same fate however far they flew. Does that makes sense to you.

  21. avatar Dragonwall says:

    why you pretend to amaze with pribumi simple achievement from middle class traders to a Conglomerate

    So it means that a middle class traders is capable to transform 1.2 to 5.4 billion USD in ONE YEAR!
    Wow so the Conglomerate would have made more, is that what you are trying to incinuate? Then why are they ranked at the bottom not the top? Like from the left pocket to the right pocket!

    why you don’t amaze how Om Liem and Eka Cipta can transform their business from “jual pete dan jengkol” to become biggest conglomerate at that times

    This I think you have to trace back history and tell us how Liem Sioe Liong helped the TNI when Soeharto was still a Colonel. At least someone knows how to be grateful when he helped them in their military manuevers and their clandestine operation to make Indonesia a better place to live, UNLIKE WHAT IT IS TODAY. So does that make haiya..sama la kita olang the same, I guess not with your analogy.

  22. avatar savic says:

    Abu rizal bakrie and sukanto tanoto? They’re suppose to be in jail.

  23. avatar Dragonwall says:

    There should be a different in charges for corruption and collusion. No matter what they are I suppose each and every on of those MF that had scived money belonging to the country must be brought to conviction. Most of all the recovery of such stashed away banggau funds should return to where it was suppose to belong. If the Indonesian government were to allow such practice to continue, not only will there be no justice, it will eventually bring the country into an irretrievable state of poverty.

  24. avatar Cukurungan says:

    This I think you have to trace back history and tell us how Liem Sioe Liong helped the TNI when Soeharto was still a Colonel. At least someone knows how to be grateful when he helped them in their military manuevers and their clandestine operation to make Indonesia a better place to live, UNLIKE WHAT IT IS TODAY.

    Koh dragon ..jangan malah telus nanti bisa jantungan here we go :

    Ketika Kolonel Soeharto menjabat sebagai Panglima Diponegoro, ia dikenal sebagai sponsor penyelundupan dan berbagai tindak pelanggaran ekonomi lain dengan dalih untuk kesejahteraan anak buahnya. Soeharto membentuk geng dengan sejumlah pengusaha seperti Lim Soei Liong, Bob Hasan, dan Tek Kiong, konon masih saudara tirinya. Dalam hubungan ini Kolonel Soeharto dibantu oleh Letkol Munadi, Mayor Yoga Sugomo, dan Mayor Sujono Humardani. Komplotan bisnis ini telah bertindak jauh antara lain dengan menjual 200 truk AD selundupan kepada Tek Kiong. Persoalannya dilaporkan kepada Letkol Pranoto Reksosamudro yang ketika itu menjabat sebagai Kepala Staf Diponegoro, bawahan Soeharto. Maka MBAD membentuk suatu tim pemeriksa yang diketuai Mayjen Suprapto dengan anggota S Parman, MT Haryono dan Sutoyo. Langkah ini diikuti oleh surat perintah Jenderal Nasution kepada Jaksa Agung Sutarjo dalam rangka pemberantasan korupsi untuk menjemput Kolonel Soeharto agar dibawa ke Jakarta pada 1959. Ia akhirnya dicopot sebagai Panglima Diponegoro dan digantikan oleh Pranoto. Kasus Soeharto tersebut akhirnya dibekukan karena kebesaran hati Presiden Soekarno (D&R 3 Oktober 1998: 18

    Of course Indonesia today under SBY is not a better place to live for the Chinese smuggler syndicate like them while your tone could be an indication that you are the one of them.

  25. avatar Dragonwall says:

    I think you are talking grandfather’s story. You are referring to something that has nothing that concerns the growth of Indonesia and whereas I am referring after the 1965 G30S PKI and the sudden upsurge in economic growth untill 1998.

    As to ia dikenal sebagai sponsor penyelundupan dan berbagai tindak pelanggaran ekonomi at least I could say there was no basis to that and perhaps only year hearsay. Nothing of that was officially published or grounds that could indict Soeharto so far.

    Btw do you know who is Bob Hasan before he turned Hj Mohd Bob Hasan? And why he is close to Soeharto? Bob Hasan was from Palembang and I really dislike this arrogant Chinese turned Islam (not religiously)
    He was never reported to have worked closely with Soeharto until his ‘bapak angkat’ died when he was ‘titip’ to Soeharto. So what has that “apa yang di jual (200 Truk AD telor atau pelir)’ which no one knows got to do with Soeharto? Think something else, focus.

    So this Kasus Soeharto tersebut akhirnya dibekukan karena kebesaran hati Presiden Soekarno (D&R 3 Oktober 1998: 18 must be the best laugh..ha.ha.ha.ha.ha.

    When I refer to not a better place to live I do mean in general term and does not necessarily refers to the Chinese. The living condition was not as ambient as before as I have not condone corruption or smuggling in any waywhatsoever therefore this will never apply to people like me.

    And Of course Indonesia today under SBY is not a better place to live for the Chinese smuggler syndicate like them while your tone could be an indication that you are the one of them. strong> Makes you look so incorrigible that you are beyond help in any rational term.

  26. avatar Cukurungan says:

    dragonwall said:

    So this Kasus Soeharto tersebut akhirnya dibekukan karena kebesaran hati Presiden Soekarno (D&R 3 Oktober 1998: 18 must be the best laugh..ha.ha.ha.ha.ha.

    me:

    Thank God at least You give me a chances to do a goods deeds by helping retirement conglomerate for laughing himself.

    You said:

    whereas I am referring after the 1965 G30S PKI and the sudden upsurge in economic growth untill 1998.

    me :

    The said economic growth was resulting due to steady influx of IMF and World’s Bank money and it was not contributions from Om Liem and His gang criminal economic activities

  27. avatar Dragonwall says:

    Tell us how much of that funds were being made fun off? IMF, World Bank? How many person have laid hands to that? I mean the government officials. Like when Foreign Agency drop 500 million into Philippinese for their Light Rail, that project was left to rust because lack of fund when I was in Manila I could literally see that rusting sitting there doing nothing. That was in the 80″s I left Manila after Ninoy was shot.

    The money that foreign agencies drop in was suppose to be for educations, forestry, national develop and poverty etc. How many of those projects were realized? Indonesia today is till in this predicament, lamenting and blaming others.

    Did IMF funds build the BCA building, Kartika Chandra Hotel, Hotel Indonesia and all those high rise skyscrapers? That many building complexes, malls are the so call economic development of the country. It is what people see when they come into Indonesia. Not going to a garden to see how many dates grow!

    And you have got the cheek to say Thank God at least I gave you a chances to do a goods deeds by helping retirement conglomerate for laughing himself. So who is your God, kafir? You will say you are not a kafir but to what I see leaning on one side and leaning on the other side will say the literal interpretation of you being a kafir.

    Put yourself in the shoes of those business people to understand the meaning of economic development that was meant for the country were being destroyed by people who were induced, coerced, and corrupt into doing so makes you a mediocre and should be considered a disgrace to the Indonesian communtiy.

    People like him that destroyed Sidoarja from the Porong case makes ARB the greatest kafir and a destroyer of Indonesian culture.

  28. avatar jamal says:

    Lets hope he’s considerate and that he gives money to poor people on the streets

  29. avatar Dragonwall says:

    Lets hope he’s considerate and that he gives money to poor people on the streets.

    That should not be considered enough because what that does not belongs to him must be returned. He had made many tries like building houses in Aceh to show his philantrophy that ended up in all 204 units totally destroyed. The next thing he will organize a ‘give a beggar some money’ campaign.

    He cannot in any way show how he black magic those from Forbes to show those figures. The figures are real. His reason of price hike in his properties are colluded as an excuse. Whereas how he manage it is not to my envy but a real time corruption in motion. His own company failed so badly that the government have to rescue them and yet he is able to sulap from 1.2 to 5.4 in one year is a big wallup to the APBN or APBD that deprive the kesejehteraan of the poor Indonesian majority at large.

  30. avatar agam says:

    There are many evidences that political connection is good for business. In the US, a research by Hillman, Zardkoohi & Bierman (1999) shows that firms employ a variety of political strategies (e.g., lobbying, contributions) in an attempt to gain influence or access to the public policy process. They seek benefits such as information, access, influence, reduced uncertainty and transaction costs, etc. However, the direct benefits are difficult to observe. They tried to observe the benefit by studying the impact of “personal service”, having a firm representative serve in a political capacity) and found that such linkages with the government positively affect firm value.

    Indonesian evidence from Denni Puspa of Gadjah Mada University (2004) shows that MNC are more likely to choose politically connected firms (22% more likely to be selected as MNC’s partner. Politically connected is defined as Suharto family firms and Suharto cronies. another evidence is that politically connected firms are more likely to be granted government importing license. it is likely resulted from personal relationship between government officials and owners of the firms.

    Aburizal serves as Menteri Koordinator, Jusuf Kalla as Vice President, Sutrisno Bachir is the Chairman of PAN, Zulkifli Harun of PAN is the governor of Jambi, Fadel Muhammad of Golkar is governor of Forontalo, etc. The list is growing.

    While it is difficult to legally prove that personal service strategy is another form of corruption, this growing list indicates that firms specific benefits may result from personal service strategy. In plain Indonesian language: pengusaha rame-rame jadi pejabat atau politisi untuk melindungi bisnisnya dan memperluas bisnisnya.

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