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Debt

After the Carrot, Use the Big Stick

Tuesday, March 26, 2002

The legal team handling the affairs of big-fish debtors has already started work. Perhaps as many as 90 percent of these debtors will be classified as uncooperative.

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RECENTLY, businessman Sofjan Wanandi has been very busy indeed. For a change, colleagues of his are queuing up to see him with all their moans and groans. Their fate is now at a really critical stage because, according to Wanandi, it is as if these former bank owners have a sword being held to their throats. "They are really bemused," he says.

This sensation of terror began on March 7, when the government eventually decided to re

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