An Accident Waiting to Happen

A day before the bank’s branches were sealed, a new investor injected more capital. However, in addition to this, several irregularities were apparently carried out by Bank IFI.

April 28, 2009

NOT heard of for a long time, Bambang Harry Rachmadi appeared at Plaza Asia, in the vicinity of Jalan Jenderal Sudirman, Jakarta, on Thursday last week. Harry had critical business to deal with. He arrived as the representative of his elder brother after Bank IFI employees demanded an explanation about their severance pay. “I want to see what I can do to help,” he said, while waving a blue file.

The fate of the employees has been on a cliff�

...

More Articles