Slip Slidin’ Away
The value of Sjamsul Nursalim’s assets has declined by 10 percent, yet IBRA is likely to issue a release and discharge recommendation.
February 25, 2003
AS time goes on, it is becoming clearer to what extent IBRA has bent over backwards for the Gajah Tunggal boss, Sjamsul Nursalim, even more or less ignoring the IBRA Oversight Committee (OC). IBRA’s cavalier attitude as regards the OC’s recommendations has reached new heights in the case of its proposal that IBRA extend the scope of the appraisal of Sjamsul’s assets. In fact, this proposal was based on very solid grounds.
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