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Bank Bali Scandal

Out of the Red?

Tuesday, March 16, 2004

Following the Supreme Courts rejection of the EGP lawsuit, Bank Permatas position in the Bank Bali scandal has strengthened.

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BANK Permatas president director, Agus Martowardojo has received his second wind. Martowardojo is more determined than ever to fight the South Jakarta Prosecutors Office plan to seize the controversial Rp546.4 billion credit that Bank Permata inherited from the Bank Bali scandal. Martowardojo got his second wind from a Supreme Court verdict rejecting PT Era Giat Primas (EGP) lawsuit against Bank Bali and Bank Indonesia. EGP had accused Bank Bali

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