IBRA
Something Fishy Behind the Asset Sale?
Tuesday, April 23, 2002
IBRA is selling off assets that have not yet been restructured and the asset recovery rate has declined. So what's the point of having IBRA in the first place?
arsip tempo : 178040217651.
THE Indonesian Bank Restructuring Agency—better known by its initials IBRA—now seems to have become a bargain store. This is because, as of April 1 this year, the agency is no longer selling only assets that have been restructured, but also assets that have had nothing done to them at all—and whose value has certainly already fallen. These are the assets belonging to the 24 big-fish debtors—including Artha Graha, Bimantara
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