THE management of Bank Rakyat Indonesia (BRI) seems to have learnt quickly from the fraud experience of Bank Negara Indonesia (BNI). From the BNI scandal which affected many of their people, they figured out that the longer they tried to cover their embarrassment, the stronger the public suspicion on them. The reputation of this state bank, which in November went public by holding an IPO at the Jakarta Stock Exchange, was clearly at stake.

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