From Credits to Bogus Bonds

Bank CIC was found to have used commodity credits to buy bogus bonds.

January 12, 2010

SABAR Anton Tarihoran was visibly nervous replying to questions by the legislators over the controversial bailout of Bank Century during an inquiry by parliament on Tuesday last week. Members of the Special Inquiry on Bank Century took the former director for supervision at Bank Indonesia, the central bank, to task for not taking any legal action to stop misuse by Bank CIC of credit facilities before its merger with Bank Pikko and Bank Danpac int

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