Bankrupt Governors What Next?
Tuesday, July 2, 2002
The Supreme Court has declared Gorontalo Governor Fadel Muhammad, bankrupt. The court has ordered that his assets be seized to pay Rp181 billion in debts.
arsip tempo : 178040166161.
This could only happen in Indonesia. The Governor of Gorontalo (located near North Sulawesi) Fadel Muhammad has been declared bankrupt by the Supreme Court (MA). In fact, the court has seized Fadel's assets to pay Rp181 billion in debts; Rp93 billion to the Indonesian Bank Restructuring Agency (IBRA), Rp40 billion to the Indonesian Finance & Investment Company (Bank IFI) and Rp48 billion to ING Barings South East Asia Limited. The MA
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