Keeping it in the Family
IBRA’s investigating team discovered several violations in BDNI’s credit disbursements to its affiliate companies overseas amounting to US$607 million.
June 26, 2007
THE 99-page document was entitled Attachment to Report by the Indonesian Bank Restructuring Agency (IBRA) to the Attorney General’s Office regarding PT Bank Dagang Nasional Indonesia. In it were various indications of credit violations by the bank formerly owned by Sjamsul Nursalim, before it was frozen in August 1998.
The violations included credit disbursements of trillions of rupiah to various domestic and foreign affiliated companies excee
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