AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 131.00 Increased By ▲ 1.47 (1.13%)
BOP 6.95 Increased By ▲ 0.27 (4.04%)
CNERGY 4.59 Decreased By ▼ -0.04 (-0.86%)
DCL 8.89 Decreased By ▼ -0.05 (-0.56%)
DFML 42.70 Increased By ▲ 1.01 (2.42%)
DGKC 84.50 Increased By ▲ 0.73 (0.87%)
FCCL 32.80 Increased By ▲ 0.03 (0.09%)
FFBL 78.50 Increased By ▲ 3.03 (4.01%)
FFL 12.19 Increased By ▲ 0.72 (6.28%)
HUBC 110.20 Decreased By ▼ -0.35 (-0.32%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.60 Increased By ▲ 0.21 (3.9%)
KOSM 8.46 Increased By ▲ 0.06 (0.71%)
MLCF 39.50 Decreased By ▼ -0.29 (-0.73%)
NBP 64.69 Increased By ▲ 4.40 (7.3%)
OGDC 201.00 Increased By ▲ 1.34 (0.67%)
PAEL 26.41 Decreased By ▼ -0.24 (-0.9%)
PIBTL 7.74 Increased By ▲ 0.08 (1.04%)
PPL 160.45 Increased By ▲ 2.53 (1.6%)
PRL 26.43 Decreased By ▼ -0.30 (-1.12%)
PTC 18.55 Increased By ▲ 0.09 (0.49%)
SEARL 82.61 Increased By ▲ 0.17 (0.21%)
TELE 8.16 Decreased By ▼ -0.15 (-1.81%)
TOMCL 34.37 Decreased By ▼ -0.14 (-0.41%)
TPLP 9.02 Decreased By ▼ -0.04 (-0.44%)
TREET 16.95 Decreased By ▼ -0.52 (-2.98%)
TRG 60.23 Decreased By ▼ -1.09 (-1.78%)
UNITY 27.70 Increased By ▲ 0.27 (0.98%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,694 Increased By 287.2 (2.76%)
BR30 32,068 Increased By 354.9 (1.12%)
KSE100 99,275 Increased By 1946.2 (2%)
KSE30 30,948 Increased By 755.9 (2.5%)

JAKARTA: Indonesia and Singapore signed on Tuesday a bilateral extradition agreement, a move that Jakarta expects to help authorities in their effort to bring to justice people accused of stashing offshore billions of dollars in state money.

Senior cabinet ministers from both countries also signed bilateral agreements covering airspace and defence in a ceremony aired on Indonesia's State Secretariat YouTube channel.

The signings follow a meeting between President Joko Widodo and Singapore Prime Minister Lee Hsien Loong on the Indonesian island of Bintan as part of their annual leaders' retreat.

The issue of extradition has long been a frustration for Indonesia because of concerns over the difficulty of bringing some fugitives accused of embezzling large sums during the Asian financial crisis to justice.

"The extradition treaty will enhance cooperation and combating crime and send a clear, positive signal to investors," Prime Minister Lee said at the signing ceremony.

Under the extradition agreement, people who had committed 31 types of crime will be liable to be extradited and it will apply to offences committed up to 18 years ago, a statement from Indonesia's investment and maritime affairs ministry said.

Indonesia hopes to decide on coal export resumption in coming days

The agreement would also mean that people would not be able to escape justice by changing their citizenship, it said.

"Therefore, the implementation of the criminal extradition agreement will create a deterrence effect for felonies in Indonesia and Singapore," the statement said.

In 2007, Indonesian President Susilo Bambang Yudhoyono and Prime Minister Lee oversaw the signing of an extradition treaty and defence cooperation agreement, but it was never ratified by Indonesia's parliament.

Indonesia has set up a new so-called "BLBI" task force that is going after $8 billion of bailout funds given to bank owners and borrowers after the Asian financial crisis in the late 1990s that was never repaid.

"Specifically, for Indonesia, the implementation of the extradition agreement will reach effectively fugitives of the past and facilitate the implementation of a presidential regulation on BLBI," said the ministry statement.

The other agreements signed between the countries include one giving Indonesia more control of airspace over the Riau and Natuna islands, areas close to both countries, and a defence agreement.

Comments

Comments are closed.