Nowhere To Go

Whatever the trick, the promise of a 48-percent royalty doesnt make sense. Investors, however, dont care.

January 23, 2007

The building in the Viaduct area, Jalan Gatot Subroto, Bandung, looked deserted. When Tempo went there two weeks ago, there was not a single soul. Not too long ago, it was a din of car rental activities. Now, only frozen empty spaces were left. The police had confiscated all cars once Ibists activities were declared a crime.

The car rental was one of Ibists business machines. Besides it, according to Fero Septa Yudha, former Ibist Financial Direct

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