Word: sutowo
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Dates: during 1970-1970
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...military commander who is most deeply involved in Indonesia's economics is Lieut. General Ibnu Sutowo. He bosses the state-owned oil company, Pertamina, which supervises operations of the 41 foreign oil companies that annually pump some 290 million barrels of petroleum from Indonesia's rich fields. Already Suharto's anticorruption commission has closeted itself for hours with Sutowo, digging into his use of Pertamina funds to expand his own influence and wealth. "I am convinced I have done nothing wrong," insisted General Sutowo in an interview with TIME Correspondent Louis Kraar. "Everybody is talking about corruption...
...readily admits, however, that he uses some $500,000 a year of Pertamina's funds in a one-man aid program. In recent ventures, Sutowo has donated television stations, mosques, airports, dormitories and hotels to army posts and towns throughout Indonesia...
...army man, and I am helping everybody a lot," says Sutowo...
Though his official salary is only $200 a month, Sutowo explains that his wealth is not based merely on that income. He says frankly: "I'm very big in tobacco exports, drugstores, a textile factory, rubber estates and interests in six or seven companies. I do them in my spare time." For example, when he recently learned that a contractor in Singapore needed rocks, Sutowo got government permission to have them shipped from an Indonesian quarry. Though he invested not a cent of his own money, Sutowo collects 50% of the profits. "I just arranged it," he says...
...recent trip to New York, Sutowo broached over lunch the idea of an Indonesian restaurant in New York to several American oil company executives. Before the meal had ended, he had pledges of $25,000 from each of the Americans. Sutowo has already acquired property on Manhattan's East Side. Another of his pet plans is a foundation, to be called Pertamina International, which he plans to use to raise funds for Indonesian cultural and educational projects in the U.S. "We expect donations to come from Americans-people who are friendly to Indonesia." And who might they...