Only Adulterated Assets Left

The majority of big-fish debtors still actually control the assets that they transferred to IBRA to clear their debts. As a result, IBRA is having difficulties in selling them off.

March 26, 2002

THE government has already decided to get tough. There is no longer to be an extension to Shareholder Liability Settlement (PKPS) agreements for big-fish debtors who formerly owned banks that owe the government Rp130.76 trillion. A legal team has been set up. In a months time, stubborn debtors will have to choose: repay their debts or be sent to court. This sounds great. However, the governmentand also the peopleof Indonesia must be prepared for

...

More Articles