Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: April 18, 1997


For immediate release

The Federal Reserve Board today announced the issuance of an Order of Prohibition against Steven King, a former loan administration officer and institution-affiliated party of the New York agency of the PT Bank Negara Indonesia (Persero), Jakarta, Indonesia.

Mr. King, without admitting to any allegations, consented to the issuance of the order due to his alleged embezzlement of PT Bank Negara funds.

A copy of the order is attached.

Order (164 KB PDF)

1997 Enforcement actions


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Last update: October 30, 1997, 12:00 PM