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The Victims of Istaka Karya

Monday, February 12, 2024

Istaka Karya project vendors and subcontractors are desperately trying to collect receivables from various projects. Many end up indebted to banks.

arsip tempo : 173055081725.

The protest of the Istaka Karya Victims Association demanding the State-Owned Enterprises (SOEs) Ministry and the Finance Ministry to settle the debt of Istaka Karya, in front of the SOEs Ministry building, Jakarta, March 15, 2023. TEMPO/Subekti . tempo : 173055081725.

JOELIMAN Notokoesoemo was stammering when recounting his efforts to collect receivables from Istaka Karya for over 10 years. As his rights remained unpaid by Istaka, the 84-year-old man had to sell two of his houses in the Bintaro area, South Jakarta, to cover working capital debt from the bank. Not only that, last October, Joeliman suffered a stroke. “Everything is gone,” the father of three children told Tempo on February 6.

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Victim project failure bancruptcy Istaka Karya
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