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Gijzeling

How to Catch The Maleficent Seven

Tuesday, February 27, 2001

IBRA has resorted to physical punishment, in the form of ‘detention for debt,’ against seven businessmen of the Dharmala Group. The problem is the anything-but-magnificent seven have fled the country.

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TYCOONS-cum-big-bad-debtors are now facing a grim punishment, namely what the Dutch call gijzeling, which means detention for debt. Under Supreme Court Regulation No.1/2000, debtors with Rp1 billion or more in arrears can be subject to six months’ confinement in a state detention house. This can be extended to last up to three years if the debtor adamantly refuses to pay. It is now a question of paying up or languishing in a damp, muggy cell

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