Indonesia’s highest court has ordered former president Suharto’s family to pay back millions of dollars that was embezzled from a scholarship foundation in the largest such ruling against the family.
Under the Supreme Court ruling on July 8 but made public only yesterday, the late president’s six children and the foundation, Yayasan Beasiswa Supersemar, have to pay the state 4.389 trillion rupiah (S$450 million), said a report in the Kompas daily quoting court officials.
The foundation, created in 1974, was meant to hand out scholarships to students but was found guilty of channelling funds to several companies linked to Suharto’s cronies or family members, such as Bank Duta and Sempati Air, the report said