Markus Junianto Sihaloho, Jakarta – In its latest hearing with law enforcers investigating the Bank Century bailout, the House of Representatives called on Wednesday for a forensic probe into the money trail.

At a previous hearing, the government proposed its final terms of reference for a forensic audit by an independent party that would be carried out on all the bank's activities since 2001.

However, most of the legislators on the House team monitoring the bailout investigation have since complained that the TOR will not focus on where the Rp 6.7 trillion ($739 million) used for the November 2008 bailout has ended up.

"So we want the government to focus on the central bank's decision to form Century through the merger of several existing banks, and on the flow of the Rp 6.7 trillion bailout fund," House Deputy Speaker Pramono Anung, from the opposition Indonesian Democratic Party of Struggle (PDI-P), said at Wednesday's hearing.

Akbar Faisal, from the opposition People's Conscience Party (Hanura), said the current TOR were long-winded and any probe conducted under it would take a long time to reach a conclusion, whereas the House was seeking a speedy resolution.

Deputy Finance Minister Anny Ratnawati, testifying at the hearing, defended the TOR, saying It was aimed at getting a clearer picture of the problems that plagued Century and led to its near collapse.

"But for sure, we're all on the same page in terms of wanting to settle this case," she said.

Legislators at the hearing also demanded that the government take immediate measures to recover money embezzled by Century's former owners and stashed overseas.

However, Heru Budihargo, chairman of the Deposit Insurance Agency (LPS), said the government could not realistically be expected to seize all those assets.

He said a more pragmatic way of recovering the money would be to sell off Century, which has since been renamed Bank Mutiara, at a high price. "We have to be realistic," he added.

In a separate hearing between the House monitoring team and the Supreme Audit Agency (BPK), some legislators called for an audit of the central bank, particularly its dealings around the time of the bailout.

But BPK Chairman Taufiequrachman Ruki said he doubted such an audit into Bank Indonesia could be carried out, but added it could be an option of last resort.

In March, the House adopted a resolution saying the Bank Century bailout was illegal, and called for criminal probes by the National Police, Attorney General's Office and Corruption Eradication Commission (KPK).

In regular updates to the House monitoring team, the police, AGO and KPK have so far said there were no indications of graft or money-laundering in the bailout.