Just in Time for the ElectionsAgain?

Despite Bank Permatas opposition, the AGO is slated to liquidate the escrow account that it inherited from the Bank Bali scandal.

March 9, 2004

LAST Tuesday, Bank Permatas president director, Agus Martowardojo, received a summons from the South Jakarta Prosecutors Office to discuss the planned liquidation of a Rp546 billion escrow account inherited from the Bank Bali scandal. The liquidation could throw Bank Permata into turmoil, thwarting the planned sale of government shares in the bank.

Bank Permatas attorney, Luhut B. Pangaribuan, is well aware of the con-sequences of such a liquidati

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