It is political dissidents and rioters that most often fall foul of Indonesia’s anti-subversion law. But following heavy selling of the rupiah last month, fund managers could face the ultimate penalty under the same legislation.
After the run on the currency that forced it to float free of its US dollar peg, Indonesian justice minister Oetojo Oesman warned that currency speculators could face subversion charges. “If this practice adversely affects the country’s economy, it can be categorized as a subversive offence,” he said.
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