THE scandal over PT Timor Putra Nasionals funds at Bank Mandiri leads us to believe that there is only one of two possible conclusions: the officials involved were astoundingly incompetent or they are part of a super-sophisticated collusion ring.

This conclusion comes from a close examination of the origins of the Rp1.3 trillion. Initially, this PT Timor account was frozen by the Tax Directorate because its depositor was charged with failing to pa