Allocating Blame
IBRA not serious about handling assets guaranteed by BLBI banks? BI transferred assets of bad quality? IBRA didn't know until two years later? Stay tuned, the blame game between the two government bodies has just started.
May 15, 2001
Once again, the Indonesian Bank Restructuring Agency's (IBRA) performance is under the spotlight. According to an investigative audit report by the Supreme Audit Agency (BPK), IBRA is not serious about managing, handling and selling the assets of 48 debtor banks who received injections of fresh funds through Bank Indonesia Liquidity Support (BLBI). IBRA is also accused of not doing enough to take over guarantees from non-performing creditors.
The
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