Bearing the Burden of Gadjah Tunggals Debts

May 21, 2002

Lin Che Wei, CFA*
*The director of SG Securities (Singapore).

 

The Indonesian Bank Restructuring Agencys (IBRA) endeavor to restructure the Gadjah Tunggal Groups debts has reached a dead end. In the meantime, the Legal Assistance Teams findings may signal the beginning of a long drawn-out legal process. Faced with this disheartening scenario, we must strive for a common understanding to achieve an optimal solution.

One problem stems from

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