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E.C.W. Neloe:

I want to resign

Tuesday, May 3, 2005

Two days consecutively last week, Bank Mandiri CEO, Edward Cornelis William Neloe, visited the Attorney Generals Office. It was definitely not a social call. For hours he was bombarded with questions over Bank Mandiri's bad credits to 22 companies The Supreme Audit Agency (BPK) faulted Bank Mandiri for not being sufficiently vigilant when it extended those credits, valued at Rp 12.2 trillion (about US$1.35 billion).

arsip tempo : 173524714194.

. tempo : 173524714194.

The focus of the Attorney Generals Office may be violations by five companies receiving the Bank Mandiri credit: PT Lativi Media Karya, PT Cipta Graha Nusantara, PT Arthabhama Teksindo, PT Artha Trimustika Teksindo and PT Siak Zamrud Pusaka.

Junior Attorney-General for Special Crimes, Hendarman Supanji, said there were indications of possible corruption in the case involving the five companies, based on the results of interrogation

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