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Danamon Divestment

Undermining from Within

Tuesday, January 28, 2003

The Usman Admadjaja family's firms fully exploited the profits of Bank Danamon.

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ADULL-colored building stands imposingly on Jalan Kopo, Bandung. It is nothing special amid the many structures in a similar condition in the city. But banking analyst Lin Che Wei had the opportunity to pay attention to the building once leased by Bank Danamon. The large construction was so quiet, as if it had only been rented by Bank Danamon. Its other offices were mostly vacant, with no tenants around.

Che Wei recalled that several years

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