Financial Crime Financial Crime

New Indonesian wealth fund must avoid fate of 1MDB, says finance minister

By Jet Damazo-Santos and Ben Lucas
  • 16 Feb 2021 04:42
  • 16 Feb 2021 22:20
Indonesia’s president does not want the country’s new sovereign wealth fund to face a corruption scandal like the one that enveloped the 1Malaysia Development Berhad fund, the country’s finance minister said today.

“The president has clearly conveyed that he does not want a 1MDB [case] to happen, so he told u

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Jet Damazo-Santos

Correspondent, Jakarta


Jet Damazo-Santos has been covering antitrust, data protection and other compliance issues in key jurisdictions in Southeast Asia for MLex full time since 2018. She has almost two decades of journalism experience in the Philippines and Indonesia, where she was the associate editor for the Jakarta Globe and the Jakarta bureau chief for Rappler Indonesia prior to joining MLex. She holds a master's degree in Applied Business Economics from the University of Asia and the Pacific.

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