Debt Restructuring
When IBRA is in Conglomerates' Palms
Tuesday, 18 September 2001
The agreement on debt restructuring for the debtors clearly causes a loss to the government. Oversight Committee requests it be reviewed.
In this world nothing compares to the good fortune that accompanies Indonesian conglomerates. During the New Order era, they were spoilt by Suharto. They were the golden children whose every whim was granted. The Bank Indonesia Liquidity Support (BLBI) filled their pockets to overflowing. Here are five such conglomerates: Marimutu Sinivasan (Texmaco Group), Rp16.9 trillion; Liem Sioe Liong (Salim Group), Rp8.7 trillion; Prajogo Pangestu (Bari
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