Senior cabinet ministers from both countries also signed bilateral agreements covering airspace and defense in a ceremony aired on Indonesia's State Secretariat YouTube channel.
"The extradition treaty will enhance cooperation and combating crime and send a clear, positive signal to investors," Prime Minister Lee said at the signing ceremony. "Therefore, the implementation of the criminal extradition agreement will create a deterrence effect for felonies in Indonesia and Singapore," the statement said.
The Indonesian ministry's statement also said the extradition agreement should help "effectively reach" those implicated by the BLBI investigation.
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