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Sore Winners

Tuesday, August 20, 2002

Several investors who successfully bid for credit assets have withdrawn their offers, costing the Indonesian government hundreds of billions of rupiah in losses.Are IBRA officials involved?

arsip tempo : 173506548943.

. tempo : 173506548943.

Syafruddin Temenggung entered his office with a bundle of documents under his arm. Enthusiastically, he showed TEMPO a list of successful bidders for credit assets under IBRA's Sale of Credit Assets program (PPAK). With a hint of pride in his voice, this former secretary of the Financial Sector Policy Committee (KKSK) displayed the bids made by investors for the credit assets of the APAC Group, a textile conglomerate owned by Johannes Kotjo. W

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