I Putu Gde Ary Suta: "Sometimes I feel embarrassed about being the Head of IBRA"

Becoming the Head of the Indonesian Bank Restructuring Agency (IBRA) is really like sitting in the hot seat. Especially so for I Putu Gde Ary Suta, who was installed at the healm on 25 June 2001, when the institution was very much in the public spotlight. Rightly so. An audit by public accountants Hans Tuanakotta & Mustofa, had showed that IBRA's total assets, which were supposedly worth Rp645 trillion were actually worth around Rp167 trillion. What's more, the House of Representatives (DPR) was demanding that IBRA ensured the return of 70 percent of the original value of the assets to the government by the end of June 2001. But what was to be done, as in the end IBRA was only able to recoup 20 percent.