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Back To the Former Owners

Tuesday, January 1, 2002

The government has sold its 74 percent share in Bank Bukopin back to the former owners. The sales process was not very transparent and contained several discrepancies. However, the move is considered a success and will be applied to other recapitalized banks.

. tempo : 173166620722.

WHEN BANK BCA IS sold, there could be a bit of an uproar because people might be worried that the bank now owned by the government will once again fall into the hands of the Salim Group. But who says banks that have been handed over to the Indonesian Bank Restructuring Agency (IBRA) to cover debts cannot be bought back by the former owners? In any case, the way in which Bank Bukopin has now been returned to its former owners went off without a

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