The Roots of the Chaos
The chaos over the change of control of Bank Bukopin continues. It all started with the supervisor that fails to take action over violations of banking procedures.
THE protracted polemic concerning the transfer of the controlling shareholding in Bank KB Bukopin began with the weakness in the way the Financial Services Authority (OJK) enforces the regulations. The financial mess at Bukopin that has now led to a lawsuit and a banking crimes investigation would not have happened if the OJK had done its job as banking supervisor properly from the outset.
Bank Bukopin has once again become a public talking poin...