Word: joyosumarto
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...ties to the presidency into the role of middlemen for government purchases and sales of oil products, plastics, arms, airplane parts and petrochemicals. They held monopolies on the distribution and import of major commodities. They obtained low-interest loans by colluding with or even strong-arming state bankers. Subarjo Joyosumarto, managing director of Bank Indonesia, describes an environment that "made it difficult for the state banks to refuse [Suharto's offspring]." A former business associate of the children estimates that on commissions alone, they skipped tax payments of between $2.5 billion and $10 billion...
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