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Colleagues who have traveled with Adebayo Ogunlesi during his years as a globe-trotting dealmaker have seen him face down bribe-seeking gunmen in his native Nigeria and effect a clever predawn escape from student rioters in Indonesia. But today Ogunlesi confronts a crisis that in many ways is scarier: he's the new head of worldwide investment banking at Credit Suisse First Boston (CSFB), which lost nearly $1 billion last year and faces accusations that its advice to investors was corrupted by its desire to please big corporate clients...

Author: /time Magazine | Title: Adebayo Ogunlesi: CSFB's global-banking chief | 12/2/2002 | See Source »

SENTENCED. EURICO GUTERRES, 28, former leader of the fearsome pro-Indonesian Aitarak militia; to ten years in prison, for ordering an attack on the Dili home of independence activist Manuel Carrascalao, and for crimes against humanity during East Timor's bloody break with Indonesia in 1999; in Jakarta. The sentence was the stiffest yet imposed by a special tribunal investigating the killings of more than 1,000 East Timorese. But the court has yet to convict any members of the Indonesian military, which had control over militias like Aitarak. Guterres remains free pending an appeal that may not be heard...

Author: /time Magazine | Title: Milestones | 12/2/2002 | See Source »

...That meeting took place in the late-'90s in Malaysia. But the same reluctance can be seen in Indonesia years later. In his confession to U.S. interrogators, al-Qaeda's point man in Southeast Asia, Omar al-Faruq, described aborting a plan to bomb a U.S. Navy ship docked in the Indonesian port of Surabaya last May because he couldn't find non-Arab volunteers willing to die in the operation...

Author: /time Magazine | Title: Suicidal Terror or Error? | 12/2/2002 | See Source »

...associate groups in Asia, the Middle East and the Caucuses to continue its fight. Of all these groups, Jemaah Islamiah (JI), al-Qaeda's Southeast Asian and Australian arm, has been by far the most active. The countries that took it least seriously until the Bali bombings?Indonesia, Australia and Thailand?are precisely where JI has had most freedom of movement. It's not hard to deduce why Bali struck JI as an ideal target. After all, JI was more constrained in mounting an operation in Singapore and Malaysia, thanks to the arrest of operatives there, the seizure of assets...

Author: /time Magazine | Title: Tackling Terror | 11/25/2002 | See Source »

...lesson of Bali is now clear. Countries that tolerate terrorists or are reluctant to act against terrorists will suffer. Though JI cells were detected and neutralized in Singapore, Malaysia and the Philippines, Indonesia's President Megawati Sukarnoputri placed her political career before national and regional security. Even after Bali, Jakarta is only going after JI members directly connected to the Kuta bomb blast, not JI as an organization and not its political wing?the Mujahidin Council led by Abubakar Ba'asyir?or its militia?Laskar Jundullah led by Agus Dwikarna. As a result, JI will be able to strike again...

Author: /time Magazine | Title: Tackling Terror | 11/25/2002 | See Source »

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