A Case of Vanishing Assets?
Tuesday, September 2, 2003
LETS just call him Andi. He has analyzed the assets of large debtors at the Indonesian Bank Restructuring Agency (IBRA). Ironically, his experience of chasing after assets has left him pessimistic. This is particularly the case now with Texmaco having failed to repay its debts and there being no signs that the groups founder Marimutu Sinivasan will actually repay them. Automatically assets have to be chased after, in line with the terms of the de
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