Bank Mandiri's Shame

The investigation on allegations of corruption in Bank Mandiri must be completed, and whoever is involved must be penalized.

May 17, 2005

THE news that three Bank Mandiri directors were declared suspects was truly painful. It hasn't been too long since the government announced it was injecting more than Rp100 trillion in recapitalization funds into the bank created from the merging of four state-owned banks. The reason given by the government at that time was that the funding was needed to nurse the banking sector back to health as a precondition to the economic recovery o

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