How to Catch The Maleficent Seven
Tuesday, February 27, 2001
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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