Bimantoro, Insubordinati on and Politics

July 17, 2001

THE second recapitalization of Bank Internasional Indonesia (BII) cannot be avoided. It has been already been predicted that BII will not be able to meet Bank Indonesia's minimum 8 percent Adequacy Ratio (CAR) requirement before the end of this year. Without a new injection of capital, BII—the bank formerly dominated by the family of business magnate Eka Tjipta Widjaya—will have to be closed down.

It appears that the option to liquidat

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