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Suharto's Crony Capitalism

21 Agustus 2023   23:10 Diperbarui: 21 Agustus 2023   23:53 252
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Some reports and estimates suggest that the amount of money embezzled or misappropriated during Suharto's rule could be in the billions of dollars. The corruption was facilitated through various means, including state-owned enterprises, government contracts, and crony capitalism.

However, it's important to note that accurate data on the exact amount of money involved in corruption during Suharto's era can be difficult to obtain due to the secretive nature of such activities and the lack of transparency during his rule.

WAP: Who are Suharto's crony capitalism?

GPT: During Suharto's presidency, a number of individuals and companies were closely associated with what is often referred to as "crony capitalism." These were individuals and entities that benefited from close connections to the Suharto regime and were able to secure favorable business deals, government contracts, and other economic advantages. Some of the most prominent figures and conglomerates associated with Suharto's crony capitalism include:

1. Tommy Suharto: Suharto's youngest son was involved in various business ventures and reportedly benefited from his family's political connections.

2. Bob Hasan: An influential businessman with close ties to Suharto, Hasan was involved in the timber and forestry industry.

3. Sudwikatmono: Suharto's brother-in-law was involved in various business ventures, including the automotive industry.

4. Liem Sioe Liong (Salim Group): A prominent Chinese-Indonesian businessman who had close ties to Suharto and operated in various industries, including banking, agriculture, and manufacturing.

5. Prajogo Pangestu: Another businessman with ties to Suharto, Pangestu was involved in the textile and petrochemical industries.

6. Astra International: A conglomerate that had close connections to the Suharto regime and was involved in various industries, including automotive, finance, and agribusiness.

These are just a few examples of individuals and companies that were associated with Suharto's crony capitalism. These connections allowed them to benefit from preferential treatment and access to resources, often at the expense of fair competition and transparency in the Indonesian economy.

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