Bankruptcy
Locking Horns
Tuesday, April 24, 2001
Because of a Rp134 billion debt, a bankruptcy suit has been filed against Danamon by another bank. But central bank BI is in no hurry to sanction the demand.
arsip tempo : 178036750267.
LIKE a pebble in a shoe, small but irritating. That's why Bank Danamon feels uneasy these days. Now 99.7 percent owned by the government, Danamon last week had to deal with such a `sharp gravel' posed by a bankruptcy demand submitted by the Indonesian Finance and Investment Company (IFI) bank. The bizarre thing about the matter is that the suit stemmed from a debt of US$12.2 million inherited by Danamon from Bank Nusa Nasional (BNN) as a consequenc...
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