Sukarno Funds Reportedly Turn Up in Italian Underworld

By : webadmin | on 5:49 PM October 09, 2009
Category : Archive

Jakarta Globe

Could this be the long-rumored revolution fund, Dana Revolusi?

An Italian news portal is reporting that Italian authorities have arrested two underworld figures caught in possession of a 1961 certificate of deposit worth $870 million made payable to the late President Sukarno.

In today’s terms, according to the Federal Reserve Bank of Minneapolis consumer price index calculator, the CD is worth more than $6.2 billion.

Il Sole 24 reported on Wednesday that the Guardia di Finanza, a police force under the authority of the Italian minister of economy and finance, was investigating the origins of the Credit Suisse certificate and how it found its way into the hands of two reputed members of the Ndrangheta crime syndicate.

The men were detained in the municipality of Rosarno, Reggio Calabria province, on Sept. 29 and have been charged with money laundering.

Indonesian Ministry of Foreign Affairs spokesman Teuku Faizasyah told the Jakarta Globe that the ministry was unaware of these developments but would look into the matter.

Sukarno, Indonesia’s founding president who ruled from 1945 until he was ousted by strongman Suharto in 1967, died in 1970. He is remembered fondly for guiding Indonesia to independence, but his legacy remains mixed.

The Dana Revolusi, said to be worth billions of dollars, disappeared after Sukarno was deposed. Over the decades several fruitless attempts were made to trace the funds, and various documents supposedly connected to the money have surfaced, but all have been proven fraudulent.

Il Sole, a respected Italian business daily, reported that a court in Reggio Calabria, with the assistance of a “special police tax unit” of Guardia di Finanza from Milan and Palermo in Sicily, was attempting to trace the origins of the certificate.

Albert Reda, provincial commander of the Guardia di Finanza in Reggio Calabria, was quoted as saying that “ample documentation” had been found, but that the investigation was still ongoing.