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Questionable Transaction

Tuesday, December 18, 2001

The sale of Indomobil to the Trimegah consortium smacks of irregularities. Its tender process was too short and IBRA’s recovery rate too low. Is Salim behind Trimegah?

arsip tempo : 173168192747.

. tempo : 173168192747.

If a contest were held to determine the fastest seller of assets, the Indonesian Bank Restructuring Agency (IBRA) would emerge as the winner. Imagine, this agency took only two weeks to sell Indomobil, when such transactions would have normally taken at least a month.

Instead of being lauded, the super-fast Indomobil sale is raising questions, and IBRA’s quick move is being viewed with suspicion. The first peculiarity detected immediately

...

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