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Assets

Buyback Attempts

Tuesday, April 24, 2001

Bakrie has its eye on its former assets that were restructured by IBRA. When Bank Danamon becomes its broker and fundraiser, it sets a bad precedent.

arsip tempo : 173519115573.

. tempo : 173519115573.
The plan was hatched this past January. Nalin Rathod, Bakrie & Brothers' managing partner, proposed a scheme to Bank Danamon's president, Arwin Rashid, in which they could both profit by deceiving the Indonesian Bank Restructuring Agency (IBRA). In the plan, Bakrie will try to persuade Danamon to buy the debts of Northsea Services Ltd. that have been restructured by IBRA. Northsea is a gas pipeline company owned by Aburizal Bakrie, with Rp42.1 ...

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