Yudhoyono's Wealth More Than $1 Million, but He's Not the Richest

By : webadmin | on 11:32 PM March 05, 2010
Category : Archive

Camelia Pasandaran

Though President Susilo Bambang Yudhoyono’s personal wealth increased by about $106,000 over a six-month period, to a total of $1.09 million, he is still poorer than Vice President Boediono and three of his ministers.

“My total wealth as of Nov. 23, 2009, was Rp 7,616,270,204 [$822,600] plus $269,730,” Yudhoyono said during a press conference at the State Palace on Friday morning. “On my previous report in May 2009, my wealth was Rp 6,848,049,611 plus $246,389.”

The president’s assets are comprised of fixed properties, such as real estate, valued at about Rp 2.4 billion; transportation vehicles valued at Rp 502 million; securities and deposits worth Rp 3.8 billion; and other valuable personal effects, such as his gem and art collections, worth Rp 851 million. He has no debt.

According to the 1999 Law on State Officials, officials are required to report their wealth to the Corruption Eradication Commission (KPK) and announce it to the public.

“It is the obligation of all state officials to report their wealth and have the report verified, as well as to report their wealth before and after they gain their posts,” Tumpak Hatorangan Panggabean, acting chairman of the KPK, said at the president’s office.

Meanwhile, Boediono’s wealth in September 2009 was Rp 28 billion plus $16,000. On his previous report in April 2009 his total wealth was Rp 22 billion and $15,000. Boediono’s vehicles are also worth more than Yudhoyono’s, with a total value of Rp 940 million.

Yopie Hidayat, the vice presidential spokesperson, attributed the sharp increase in Boediono’s wealth to his remuneration from Bank Indonesia, which he was governor of until May 2009.

“The source for the additional wealth was from his additional final allowance as Bank Indonesia governor,” Yopie said at the Vice Presidential Palace.

“The allowance is in accordance with the regulations,” he said, referring to Boediono’s housing allowance and final salary as Bank Indonesia governor.

Regarding the enormous size of the remuneration package, Yopie said it was common knowledge that the salary of the Bank Indonesia governor was large.

Three of Yudhoyono’s ministers — Coordinating Minister for Political, Legal and Security Affairs Djoko Suyanto, State Minister for Cooperatives and Small and Medium Enterprises Syarif Hasan and State Minister for Maritime and Fisheries Fadel Muhammad — are also richer than the president.

Djoko has assets worth Rp 17.2 billion plus $40,000, Fadel’s wealth is Rp 119.8 billion plus $235,652, a decrease of Rp 1.5 billion from his 2006 report, while Syarif’s wealth is Rp 17.5 billion plus $180,000.

At the other end of the scale, the poorest cabinet member was Agriculture Minister Suswono, with Rp 1.9 billion.

The only cabinet member with debt is Justice and Human Rights Minister Patrialis Akbar, who reported Rp 501 million in debt due to a car loan.

Muhaimin Iskandar, the minister of manpower and transmigration, showed a huge jump in his declared wealth, from Rp 1.6 billion in April 2009 to Rp 6.9 billion in November 2009. He apologized for the apparent discrepancy, saying he hadn’t been disciplined in reporting his assets.

Other ministers have previously announced their wealth, while some announced it on Friday and the rest will release the information shortly.

“This [report] is part of a good political tradition and is expected by our people,” Yudhoyono said. “This is part of transparency and accountability to the public.”

Among state institutions, members of the House of Representatives are most disciplined in reporting their wealth. According to Tumpak, 98 percent of House members have reported their assets, compared to 88 percent of state officials from judicial institutions, 77 percent from executive institutions and, at the lower end of the scale, only 55 percent from regional and state-owned enterprises (BUMN).

“All of the ministers have reported their wealth but this should be followed with a public announcement,” Tumpak said.

The president demanded ministers fulfill their obligations.

“I want feedback within three months regarding BUMN officials compliance with the requirement to report their wealth,” he said.