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Hitting the Blacklist Snooze Button

Tuesday, April 16, 2002

Watchdog IBRA is likely to miss its deadline to name top defaulters. That's despite the addition of a whole new legal team to aid the investigation.

. tempo : 178039772474.

The nation's defaulting conglomerates can now heave another sigh of relief. The Indonesian Bank Restructuring Agency (IBRA)'s Legal Assistance Team is still overwhelmed with a mountain of debt settlement documentation, and the long-awaited blacklist of uncooperative debtors could be postponed another month.

Those on the blacklist—originally scheduled for announcement on Thursday, April 18—face litigation and possible imprisonment.

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