Who Would Skipper a Leaky Boat?

The fraud scandal is a strong reason for championing prospective new members of BNI's board of directors from outside the bank.

December 16, 2003

DURING a meeting with this weekly magazine, Saifuddien Hasan, the Managing Director of Bank Negara Indonesia (BNI), once complained, "The difference between the salary of the BNI Managing Director and other directors at BNI is only 10 percent. But when there's a problem like this, then I have to be responsible for all of it."

Indeed, the Rp1.7 trillion fraud scandal at BNI is a really strong indication that Saifuddien will be remove

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