The 'Cendana' Man at IBRA's Helm

Surprise! I Putu Gde Ary Suta has been appointed chairman of IBRA. Can he win public confidence, bearing in mind he used to be close to the Cendana family?

July 3, 2001

THERE was an uproar in Graha Sawala, the Ministry of Finance's main auditorium, on Monday last week during the inauguration ceremony of the chairman of the Indonesian Bank Restructuring Agency (IBRA). The new appointee was none other than I Putu Gde Ary Suta, who replaced Edwin Gerungan.

I Putu Gde Ary Suta is not a new face as far as the press and the capital market community are concerned. He's a former chairman of the Capital Market Supervis

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