The Worth of Usman Admadjaja

Usman has requested that his personal guarantee be auctioned off, as a means to repay his debtsa suggestion the government is likely to accept.

August 26, 2003

Coordinating Minister for the Economy, Dorodjatun Kuntjoro Jakti, was to have led the meeting held by the Financial Sector Policy Committee (FSPC), but he abruptly cancelled it to go on an overseas trip. It was to have been an important meeting: to discuss Usman Admadjaja's Rp12.5 trillion debt, due in November last year.

The FSPC decision would have greatly helped the Indonesian Bank Restructuring Agency (IBRA), which has been unable to sell

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