Only Adulterated Assets Left - Economy - magz.tempo.co

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Only Adulterated Assets Left

Tuesday, March 26, 2002

The majority of big-fish debtors still actually control the assets that they transferred to IBRA to clear their debts. As a result, IBRA is having difficulties in selling them off.

. tempo : 172849437265.

THE government has already decided to get tough. There is no longer to be an extension to Shareholder Liability Settlement (PKPS) agreements for big-fish debtors who formerly owned banks that owe the government Rp130.76 trillion. A legal team has been set up. In a months time, stubborn debtors will have to choose: repay their debts or be sent to court. This sounds great. However, the governmentand also the peopleof Indonesia must be prepared for

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Tempo English Tuesday, March 26, 2002
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