Supreme Confusion

The Supreme Court has passed conflicting judgments over the funds from the Bank Bali scandal.

July 1, 2003

THE liquidation of remaining Bank Bali credit is entering yet another phase. Bank Bali, which has since merged into Bank Permata, maintains its claim over Rp546 billion in remaining credit. However, PT Era Giat Prima is also laying claim to the funds.

The funds were originally credited to the account of PT Era Giat Prima (EGP) commissioner, Joko Sugiarto Tjandra, by Bank Bali under an agreement made between Bank Bali and EGP. This agreeme

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