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In Brokers Hands

Tuesday, February 24, 2004

IBRA sold off Rp2.9 trillion-worth of Bahanas promissory notes at a mere Rp368 billion. Could it be Bahanas debtors behind the purchase?

. tempo : 1731657160100.

The letter should have made PT Teknologi Nasional Indonesia (TNI) ecstatic. Dated February 9, 2004, it came from State Minister for State-Owned Enterprises, Laksamana Sukardi, to Indonesian Bank Restructuring Agency (IBRA) chairman, Syafruddin Temenggung. It contained Laksamanas approval on the sale of PT Bahana Pembinaan Usaha Indonesias Rp2.9 trillion assets to PT TNI. We have approved the sale, IBRA can execute it, said IBRA Deputy Chairman in

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