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Buried in its Own Hole

Tuesday, November 6, 2007

Rajawali is entrapped in a non-performing loan because of agreement violations. The government has already been requested to clarify the legal situation.

arsip tempo : 173506232746.

. tempo : 173506232746.

THE proposal certainly raised the eyebrows of officials from the Subsidiary Loans Management Directorate at the Department of Finance. Sent by PT Rajawali Nusantara Indonesia (RNI) in mid-July this year, it proposed that this company's debt from investment fund bank accounts (RDIs) be converted into state-owned shares.

The debt that Rajawali wants to have converted has now reached a total of Rp1.7 trillion. This originated as loans that the governm

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