It started with an audit by the Supreme Audit Agency (BPK) on 14 June-10 September 2004. In the findings were reported several weak points of Bank Mandiri, especially in credit disbursement and management.

Loans of Rp12.46 trillion and US$202.94 millionsome of them were non-performing. The Attorney Generals Office immediately took action. As a result, Neloe, who had been President Director of Bank Mandiri since May 2000, was detained by officials