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Guaranteed Loss

Tuesday, June 5, 2001

A BPK audit has uncovered yet more scandal. Besides irregularities in the use of BLBI, the banks concerned apparently pledged worthless collateral.

. tempo : 173232001143.

The BLBI funds issue is taking on all the appearances of a never-ending soap opera, with surprise after surprise awaiting us at every turn. Last week, a number of new findings were made public by the Supreme Audit Agency (BPK)—after conducting an investigative audit into the use of Bank Indonesia Liquidity Support (BLBI)—all of which served to draw attention once again to the poor way in which the funds were managed by both the Indone...

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Tempo English Tuesday, June 5, 2001
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Tempo English Tuesday, June 5, 2001
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Tempo English Tuesday, June 5, 2001
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Tempo English Tuesday, June 5, 2001

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