LPS CHIEF COMMISSIONER CHRISTOPHORUS HERU BUDIARGO:
Siding on the Part of Caution

January 28, 2014

The additional capital injection of Rp1.25 trillion to Bank Mutiara caused a major controversy. The government's savings guarantee board (LPS) was blamed for it, because it was seen to have caused losses to the state. LPS Chief Commissioner Christophorus Heru Budiargo admitted only to complying with the orders of the Financial System Stability Committee in providing temporary capital (PMS), which was calculated and determined by Bank Indonesia as

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