global markets / governance risk
By lens · 1 takes across the edition
Bloomberg (Danantara dirty money, June 25) · United States · Prabowo's rupiah breaks 18,000 as investors flee Indonesia's worst-performing currency
Exposes a provision buried in new financial-sector legislation that shields Danantara sovereign-fund bond purchases from criminal, civil and tax investigations, unprecedented legal immunity that Bloomberg says opens the door to illicit flows and compounds investor concern about governance risk.
“Indonesia buried a provision shielding Danantara bond purchases from criminal, civil and tax investigations, opening the door to dirty money.”