No Lapses from Oversight
IBRA's Oversight Committee has sharply criticized the restructuring of debts for three IBRA debtors. If allowed to go through, it says, the state will lose out in the deals because the level of return of debts is far from optimal.
October 23, 2001
The Oversight Committee is not a paper tiger. The supervisory committee which monitors the work of the Indonesian Bank Restructuring Agency (IBRA) has been keeping itself busy. Not in a high-profile way. It has been doing less talking, and more working. Its powers are limited but that has not prevented this body, led by the respected Mar'ie Muhammad, seriously evaluate and criticize several decisions taken by IBRA. Now it has ruffled some feat...