‘Full of rats’: Olympic champ claims corruption common practice in sports ministry

October 19, 2020 0 Comments

first_imgThe former shuttler claimed it was very easy for the ministry’s officials to embezzle billions of rupiah earmarked for various program, such as through hotel discounts during the national training camp program.He explained the ministry had to book hotel rooms to house 500 to 1,000 athletes for the program. While a hotel room usually costs Rp 500,000 (US$33.70) a night, the officials can get discounts from booking many rooms at the same time.“They can embezzle Rp 100,000 for each room, multiplied by 1,000 people a day. The program can last for more than a month. Imagine how much they can get!” said Taufik.Read also: Olympic medalist admits to delivering bribes to former sports minister Topics : After admitting his role in a bribery case implicating former Youth and Sports Minister Imam Nahrawi, retired Indonesian shuttler Taufik Hidayat later claimed that such corrupt practices were very common in the ministry.Taufik, who won a gold medal at the 2004 Athens Olympics, retired as a badminton player in 2013. Between 2016 and 2017, he served as the deputy chairman of Satlak Prima (Gold Program), a national sporting program under the ministry for elite athletes that was dissolved in 2018.“No matter who serves as the minister, it will never change unless half of the ministry is reformed. It [the ministry] is full of rats [corrupt officials],” Taufik said in an interview with mentalist-cum-YouTube-personality Deddy Corbuzier.center_img While claiming that he had experienced and witnessed such illicit practices, Taufik added that he had no tangible proof of such crime.Youth and Sports Ministry secretary Gatot S. Dewa Broto regretted Taufik for making such claims. He went on to say that Taufik had put his name as a badminton legend at stake for accusing the ministry of corruption.“We are in the fasting month of Ramadan. We forgive Taufik for talking like that. We just need to prove [that he’s wrong] by doing our work,” Gatot said on Wednesday, as quoted by kompas.com.During a hearing against Imam last Wednesday, Taufik admitted to the court that he acted as an intermediary in the bribery case implicating the former minister.Taufik said he had delivered Rp 1 billion to Imam’s personal assistant, Miftahul Ulum, in January 2018. Miftahul is also a suspect in the case.Taufik, however, claimed he did not know that the money was a bribe and denied that he had accepted some of the illicit money in the crime.The Corruption Eradication Commission (KPK) indicted Imam for accepting Rp 11.5 billion in bribes and other gratuities worth Rp 8.64 billion from the ministry and Indonesian Sports Council (KONI) officials pertaining to the disbursement of a state grant for the organization. (nal)last_img read more

ERAFP awards unlisted infrastructure, private equity mandates

September 29, 2020 0 Comments

first_imgIt is a mandate to invest in unlisted, vital, public infrastructure assets that are or will be built mainly in EU countries.The risk approach should be moderate, with Ardian tasked with building a mixed greenfield and brownfield portfolio mainly through primary investments in new infrastructure funds or secondary investments in existing funds and, to a lesser degree, through direct investments and/or co-investments in contractors.The private equity mandate also aims to diversify ERAFP’s investments, in this case by contributing to the financing of the French and European economies.The mandate is for the creation of a dedicated fund that will invest primary in unlisted European mid-market companies through growth capital or buyout transactions.It may also invest via mezzanine and unitranche financing but to a lesser degree.The investments are to be made mainly through primary or secondary funds.The fund will target investments in companies with a registered office in France, Germany, the Benelux countries, the UK, Finland, Sweden and/or Denmark.Italy, Spain, Portugal or other OECD countries also come into question but to a lesser degree.Both mandates are for an initial 10 years. French civil service pension fund ERAFP has awarded a €150m infrastructure mandate and a €200m private equity mandate as part of a move to take up new investment freedoms granted by the government in late 2014.The mandates were put out to tender early last year.The infrastructure mandate was awarded to Ardian France and the private equity mandate to Access Capital Partners.The €26bn pension fund placed the infrastructure mandate in the context of its aim to diversify by using “some of its long-term savings to develop sustainable assets that drive economic development and the energy transition and are useful to future generations”.last_img read more