Moluccas International Campaign for Human Rights
  • THESE ARE THE MOLUCCAN ISLANDS: FACTS & OPINIONS
  • MELANESIA VERSUS INDONESIA
  • ABOUT MOLUCCAS INTERNATIONAL CAMPAIGN FOR HUMAN RIGHTS
  • REPRESSION OF A BASIC HUMAN RIGHT IN MALUKU: FREEDOM OF POLITICAL EXPRESSION
  • TOP STORIES
  • SOUTH MOLUCCAS ISLANDS’ ILLEGAL OCCUPATION BY JAKARTA
  • MOLUCCAS SOVEREIGNTY FRONT - FRONT KEDAULATAN MALUKU (FKM)
  • LETTERS DR. ALEXANDER H. MANUPUTTY TO THE UN & HEADS OF STATE AND GOVERNMENT AND AMNESTY INTERNATIONAL
  • PESTA DEMOKRASI: FRONT KEDAULATAN MALUKU MENUNTUT PENGEMBALIAN KEDAULATAN RMS 25 APRIL 1950 – 25 APRIL 2014
  • PHOTOS FKM-RMS DEMONSTRATION IN FRONT OF PARLIAMENT HOUSE OF ADELAIDE, AUSTRALIA ON OCTOBER 26, 2010 & SEPTEMBER 7, 2010
  • PROKLAMASI NEGARA REPUBLIK MALUKU SELATAN (RMS)
  • MAFIA HUKUM INDONESIA - JUDICIAL MAFIA
  • INDONESIAN PRESIDENT JOKO “JOKOWI” WIDODO SURROUNDED BY KILLERS & RENT-SEEKERS
  • GOLPUT & KORUPSI POLITIK di INDONESIA dan PEMILIHAN 2014 - NON VOTERS / THE WHITE GROUP & POLITICAL CORRUPTION in INDONESIA and the 2014 ELECTIONS
  • INDONESIA = REPUBLIK MALING & KEBOHONGAN REZIM SBY
  • CORRUPTION - POVERTY & UNDERDEVELOPMENT IN THE MOLUCCAS – KORUPSI - KEMISKINAN DAN KETERBELAKANGAN DI MALUKU
  • PALM OIL PLANTATION CRIME IN INDONESIA AND ITS CORRUPT POLITICAL MACHINE
  • MASELA - OIL AND GAS BLOCKS CAN LIBERATE MALUKU FROM POVERTY
  • ILLEGAL GOLD RUSH ON BURU ISLAND IN THE MOLUCCAS
  • SAVE ARU ISLANDS
  • SAVE ROMANG
  • SUSILO BAMBANG YUDHOYONO AND HIS GENERALS
  • INDONESIAN MILITARY INVOLVEMENT WITH AGGRESSIVE MINING, ILLEGAL LOGGING AND ILLEGAL FISHING IN THE MOLUCCAS
  • LASKAR JIHAD - SUHARTO COMPANIONS AND THE MOLUCCAN CIVIL WAR - JUSTICE DEMAND
  • MOLUCCAS: GENOCIDE ON THE SLY - INDONESIA’S TRANSMIGRATION PROGRAM
  • OUR CAMPAIGN & CONTACT MICHR
  • ECOLOGY & SUSTAINABLE DEVELOPMENT IN THE MOLUCCAS
  • DISPLACED PEOPLE IN THE MOLUCCAS - PENGUNGSI DI MALUKU
  • INSIDE INDONESIA’S WAR ON TERROR
  • TNI, BRIMOB AND STATE TERROR IN THE MOLUCCAS
  • IMPUNITY AND THE INDONESIAN MASTERS OF TERROR
  • STOP KILLING - ASSAULTING and KIDNAPPING JOURNALISTS IN INDONESIA
  • 8 March - International Women's Day
  • 26-june---un-international-day-in-support-of-victims-of-torture
  • 9 August - UN INTERNATIONAL DAY OF THE WORLD’S INDIGENOUS PEOPLES
  • RIGHTS OF INDIGENOUS PEOPLES - HAK ASASI MASYARAKAT ADAT
  • THE DUTCH - INDONESIA CORPORATE CONNECTION
  • LIBERATING OUR COLONIAL MINDSET
  • UNPO: IN PURSUIT OF THE RIGHT TO SELF-DETERMINATION
  • NKRI DIDIRIKAN DI ATAS KONSEP YANG SALAH
  • GAJAH DENGAN GAJAH BERLAGA, ORANG MALUKU MATI DI TENGAH - TENGAH
  • THE PLAYERS BEHIND THE MALUKU MADNESS
  • INDONESIAN STATE SPONSORED UNBRIDLED NICKEL EXPLOITATION IN NORTH MOLUCCAS: SERVING THE ECONOMIC INTEREST OF INDONESIAN OLIGARCHS AND CHINA

THE DUTCH - INDONESIA CORPORATE  CONNECTION

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HOLLAND RANDSTAD: SUHARTO'S LUCRATIVE CAPITAL MARKET

By George J. Aditjondro

WHEN Suharto dissolved the Dutch-led Inter Governmental Group on Indonesia (IGGI), eight years ago, he certainly did not terminate the economic ties between the Netherlands and its former colony. On the contrary, there has been a rapid increase of Indonesian companies opening their offices in the Netherlands during that very same time frame. And ironically, while opposing any cricism from then IGGI chairperson, Jan Pieter Pronk on the violations of the East Timorese people's human rights and the violation of Indonesian women's reproductive rights, Suharto himself unshamefully used a Dutch subsidiary of the Indonesian central bank to launder around one billion US dollars of his ill-gotten wealth, as has been charged by the Indonesian Attorney General in the trial which the former dictator is currently facing in Jakarta.

Since the early 1990s, an increasing number of well-connected Indonesian companies have linked up with a handful of Dutch banks and other financial institutions to tap into the lucrative European capital market.
In addition, an Amsterdam-based subsidiary of the Indonesian Central Bank has even been alleged of laundering at least one billion US dollars for the Suharto family and their cronies, which raises the questions: first, what is so attractive, financially speaking, that so many of those well-connected Indonesian business people have opened shop in the Netherlands? Which raises the second question: what are the  moral standards guiding the Dutch financial community that all these Indonesian conglomerates, which have caused so much economic, political, human and ecological damage, are so warmly welcomed in this country?

Nearly all major Indonesian conglomerates which are either owned or cooperate with members of Suharto's extended family have set up their subsidiaries in 'Holland Randstad,' and mainly in Amsterdam and Rotterdam, to be able to mobilise capital by issuing bonds in US dollars and Japanese Yen. One example is the toll road company of Suharto's eldest daughter, Siti Hardiyanti Rukmana, also known as Tutut, which has successfully mobilised capital to finance her toll roads in Indonesia, the Philippines, and Burma.

Other examples are the cement factory and steam power plants of Hashim Djojohadikusumo, whose elder brother, ex-General Prabowo Subianto married Tutut's younger sister, Siti Hediyati Haryadi, or Titiek, has raised capital to finance the construction of his newest cement factories in Indonesia and Burma. Cooperating with the military junta in Burma, is not a big deal for Tutut and Titiek, who also delightfully grew up in their Daddy's disguised military regime.

Two conglomerates which were directed by Mohammad "Bob" Hasan on behalf of three charities headed by Suharto, namely the Astra and Nusamba Groups, have also raised capital in the Netherlands for their paper and pulp factories, timber estates and gold mines.

The well-connected Indonesian oil palm plantations, which have for the last decade caused catastrophic forest fires in Sumatra and Kalimantan, have been the most popular economic sector which have raised their capital through their subsidiaries and their banker friends in the Netherlands. A recent study by Eric Wakker, Jan Willem van Gelder and the Telapak Sawit Research Team, which was commissioned by Greenpeace Netherlands has listed all those top palm oil producers and their Dutch financial supporters.

The five largest financial underwriters

To complement Wakker, Willem and Telapak's study, a number of  Dutch journalists assisted me to surf on the Dutch Chamber of Commerce's website to investigate whether other economic sectors have also been raising capital in the Netherlands. This library research, which covered the previously mentioned toll road and cement factories, as well as mining and property companies. All these data basically show that only a handful of banks in the BENELUX countries have offered their service to these Indonesian companies.

One Dutch bank and one joint Dutch-Belgian bank stand out in offering office space and financial management services to these companies, namely ABN-AMRO Bank and MeesPierson Trust (see Tables I& II). The latter currently belongs to the Fortis Group. Other Dutch banks, such as Rabobank and ING Bank, have provided those Suharto-linked and other top Indonesian companies with syndicated loans to finance their business expansion.

Dutch Premier Attends RI`s 63rd Independence Anniversary
2008-09-06
The presence of Dutch Prime Minister Jan Peter Balkenende at the reception of the 63rd Indonesian Independence anniversary celebrations at the Indonesian ambassador`s residence in The Heague, the Netherlands, on Thursday evening was of a milestone in the history of the two countries` diplomatic relations.
In addition to the Dutch prime minister, also present were Foreign Minister Maxim Verhagen, the Justice Minister, Head of the Dutch Parliament`s foreign affairs committee, the former Dutch ambassador to Indonesia as well as ambassadors from friendly countries and
representatives of international organizations, businessmen and friends from Indonesia. Continue.
The Suharto family empire
PT Multi Bintang Indonesia is the largest beer producer in Indonesia, which is 76% owned by the Dutch Heineken Beer company. Tanri Abeng, himself a Muslim ...

CHOPPING THE GLOBAL TENTACLES OF THE SUHARTO OLIGARCHY
Aditjondro, George J. (1996a). "Suharto family, the Philippines and APEC: the ... Dutch financial insitution Mees Pierson assisted capital mobilization for Suharto family-linked companies involved in the expansion of Indonesia's oil palm plantations and palm oil production and ING Bank NV has a network of Suharto family-linked companies with stretch from the Netherlands to Aotearoa - New Zealand.
University of Newcastle, Australia | March 23, 2000

HOLLAND RANDSTAD: SUHARTO'S LUCRATIVE CAPITAL MARKET
By George J. Aditjondro  26 Sep 2000

Dutch banks' environmental criteria not implemented in 
Indonesia

DTE No. 17, August 2001


Relations between Rabobank, ING and ABN-Amro and forest destruction and poverty in East Kalimantan, Indonesia 
​April 2001
►►LATEST NEWS ◄► LATEST NEWS ◄◄
Indonesia, Netherlands boost trade, ​maritime ​​ties
Jakarta Post | Thu, November 24, 2016

RI, Netherlands agree to enhance bilateral cooperation
AntaraNews | Kamis, 19 Maret 2015


RI, Dutch cooperation not affected by planned executions
Jakarta Post | Wed, March 11 2015


 RI, Dutch extend diplomatic  training to 2016
Jakarta Post | October 30 2014


Dutch firm gets green light for
 military exports to Indonesia
Wednesday 05 June 2013


Indonesian Army chooses
German tanks over Dutch

July 02 2012, 8:31 PM
INDONESIAN WARSHIPS MADE IN HOLLAND
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Indonesia Orders Dutch Missile Frigate 
Thursday, June 7th, 2012
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Indonesian Navy to buy 4 
 Dutch  corvettes
People's Daily Online October 28, 2005
The Indonesian Navy will
proceed  with its plan to purchase four Dutch corvettes (two Sigma Class I and two Sigma  Class II) worth 1.9 billion US dollars, Navy Chief of Staff Admiral
Slamet  Soebijanto said Thursday.

Dutch warship sales to Indonesia violate EU code: Rapporteur
The Jakarta Post June 03, 2005
BRUSSELS (AFP): Recent Dutch warship sales  to Indonesia violate the European Union's code of conduct on exporting arms,  Raul
Romeva, the European Parliament's rapporteur on military exports, said.

Dutch Made Corvette for Indonesian Navy
to  Arrive Mid-August
Antara News  Agency Friday, August 3, 2007
The corvette, named KRI Diponegoro-365, sailed from  Vlissingen, the Netherlands,  on July 3, 2007. The corvette was one of four  Sigma corvettes the Indonesian  Navy has ordered from the Schelde Naval  Shipbuilding (SNS) in the Netherlands.

Second Dutch Navy Corvette
Arrives in  Indonesia

The Daily Star Saturday, February 9,  2008 07:05 AM

TNI asks Netherlands to support frigate building project
2010-12-15 06:58:07
Jakarta (ANTARA News) - The National Defense  Forces (TNI) has asked the Dutch government to consistently support the  development of a light frigate by Indonesian ship-building comp...

INDONESIA: Unilever to expand in Indonesia
4 October 2011
Unilever will invest around EUR90m (US$118.5m) to boost ice cream production facilities in Indonesia and build a new factory for personal care items.


HIRA I NI ENTUB FO I NI, IT DID ENTUB FO IT DID. – A PERSON’S PROPERTY SHALL REMAIN THAT PERSON’S PROPERTY, OUR PROPERTY REMAINS OUR OWN.