`Paranormal Beings' at IBRA

Documents regarding the winners of the IBRA loan assetssales confirm the indication that floor prices were leaked.

August 27, 2002

THERE have been no floor price leaks," said Syafruddin Temenggung, Chairman of the Indonesian Bank Restructuring Agency (IBRA) some time ago. This low-key denial came soon after the gossip started about possible floor price leaks in the IBRA loan assets sale last month. As well as Syafruddin, Mohammad Syahrial—the IBRA Deputy Chairman responsible for assets originating from bank loans—has also done a lot of talking.

But repea

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