Still Living Very Comfortably

March 19, 2002

MUCH of the Bank Indonesia Liquidity Support (BLBI) funding, which was provided to save banks from bankruptcy, turns out to have been misused by owners and management of banks that were helped. Misuse included the funds being used to cover loans, for securities transactions and even for office costs. According to an investigation by the Supreme Audit Agency (BPK), more than Rp84 trillion of BLBI funding was in fact misused.

So, what measure

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