Century ‘On the Bench’

The Loans & Savings Agency took over Bank Century to calm customers’ panic. The Sinar Mas Group measure was postponed.

November 25, 2008

ON Sunday two weeks ago, the atmosphere in Tower III of Plaza BII was certainly not like on a holiday. On the fifth floor was an ongoing uproar. Indra Widjaja, son of tycoon Eka Tjipta Widjaja, was meeting with Robert Tantular, the controlling shareholder of Bank Century. That afternoon, Indra, who has been entrusted by his father to handle the financial companies within the Sinar Mas Group, witnessed the signing of a letter of intent (LoI) regar

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