Bank Recapitalization
Tuesday, May 10, 2005
Harimau mati meninggalkan belang (bad luck for their arrogance) goes the Indonesian proverb. There are no such fond memories of the Indonesian Bank Restructuring Agency (IBRA), which closed its doors in February last year. At present, ten cases are being audited by the Supreme Audit Agency (BPK). Amongst them, the sale of credit assets, property, valuable certificates and divestment shares.
One which has been finalized is the audit of the recapita
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