Indonesia’s fickle conglomerates pulled the wool over their eyes many a time, but the Indonesian Bank Restructuring Agency has finally started to take firm action. Last week, this government agency managed to close down four companies owned by the Ongko Group in a hearing at the Jakarta Commercial Court. Already categorized as a "naughty debtor", Ongko would not cooperate in settling debts of more than Rp1 trillion. Although this is not IBRA&