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Debtors: Pretending to Be Poor?

Monday, November 13, 2000

One lesson from the QAF shares case is that we have to be more wary of debtors. They should not be allowed to buy back their assets from IBRA before fully repaying their debts.

arsip tempo : 173515583032.

. tempo : 173515583032.

THE Salim Group’s purchase of 12.92 percent of QAF’s shares was certainly controversial. On the one hand, the group apparently had to dig deep into its pockets to come up with the cash to buy the shares; on the other hand, the Salim Group owes in the region of Rp52 trillion to the Indonesian government. This raises two important questions: Firstly, why could this not have been prevented? And secondly, why aren’t giant debtors li

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