Indomobil
Chasing to Meet Target?
Tuesday, December 25, 2001
IBRA sold Indomobil to Trimegah for a low price of Rp625 billion, perhaps because it was chasing to meet its required deposit target. But, according to Mar'ie Muhammad this was not necessary and Indomobil should not have been sold.
arsip tempo : 173160394047.
DOGS bark, but the caravan goes on. This Arabic proverb could perhaps have been what drove I Putu Gde Ary Suta, the head of the Indonesian Bank Restructuring Agency (IBRA), to sign the sale of the government's 72.63 percent share in PT Indomobil Sukses Internasional Tbk to the Trimegah consortium. This controversial sale has been questioned by the chairman of the IBRA Oversight Committee, Mar'ie Muhammad, who has even demanded Putu audit the In
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