Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Dirty Money
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Dirty Money

Is Baliís Hotel & Villa Building Boom Tied to Money Laundering?

Bali News: Bali, Indonesia, Money Laundering, Hotel, villas, Buidling boom, Udayana University, IKG Bendesa
Click Image to Enlarge


An economist from Bali’s Udayana University, Professor IKG Bendesa, is calling on the regional governments to be vigilant in guarding against illegal money laundering practices in the construction of new tourist accommodation in Bali.

Quoted in the National News Agency Antara, Bendesa, speaking at a seminar on the “Critical Analysis of Development to Achieve Public Welfare,” said: “In Bali there is an explosion of hotels offering room rates below Rp. 300,000 per night. In this condition, these properties should be suffering losses, but in reality they continue to survive. It is not inconceivable that these accommodation investments are the result of laundered money and corruption."

The assistant Rektor of Udayana University lamented that despite a moratorium on new hotels in Bali by the provincial government of Bali, the additional of more accommodation is happening at an uncontrolled pace amidst declining occupancy rates and tariffs reflecting unhealthy competition between hotels.

Bendesa added: The government has no blue print for hotel accommodation; not because of regional autonomy but because the of unhealthy governance. “

Villa mushroom everywhere, he explained, but these new projects fail to bring new sources of income and employment. The government, he accused, is unable to control outcomes in either the areas of  finance or employment.

“These are indications of an underground or shadow economy creating ill effects on the region’s economy. There is the possibility that those involved in money laundering are purposely investing their fund into hotels and property in Bali.” he said.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Me and My Guitar
West Bali Police Send Home 18 Punkers on a Personal Sojourn in Bali
Passport to a Clean Bureaucracy
Indonesian Immigration Service Joins the Anti-Corruption Campaign
Welcoming the Ultra-rich to Indonesia
Indonesia Eases the Rules for the Visits by Private Yachts and Private Aircraft to Indonesia
Those in Knead
Bali Culinary Professionals Teach Bali Orphans How to Bake
A Galactic Calamity
Garuda Indonesia Ban Samsung Galaxy 7 Smart Phones from all Flights
Copping it for Murdering a Copper
David Taylor and Sara Connor Headed for Day in Court in Murder of a Balinese Policeman
Seeking New Connections
Provincial and Regency Sources Scramble to Raise Fund to Replace Pedestrian Bridge Between Nusa Lembongan and Nusa Ceningan
A Very Bad Exchange
French Exchange Student Arrested in Bali for Stealing a Motorcycle
Snake or Lizard?
Strange Reptile that Visited Bali Policemanís Home Has People Wondering: Is it a Snake or a Lizard?
Under Suspicion Again
Bali Police Acted Outside the Law in Halting Property Fraud Investigation Against Actor Jeremy Thomas
Trip the Light Fantastic
Tango in Paradise Ė Masters of Dance to Perform in Bali Saturday, November 26, 2016
RIP: Sri Pitono: 1964-2016
Veteran Bali Travel Industry Member Sri Pitono Dies at Age 52
All [News]!