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Bakrie...Again

Tuesday, March 20, 2007

It seems inappropriate for state banks to be extending huge amounts of credit to a Bakrie Group subsidiary when the obligations of Lapindo, another of its companies, is being borne by the government.

arsip tempo : 173510933776.

. tempo : 173510933776.

THE government is giving the Bakrie Group too much special treatment. Only recently, PT Lapindo Brantas, a member of the conglomerate, received a loan of Rp3.8 trillion. The money, which came from state funds, will be used to rebuild the infrastructure wrecked as a result of the hot mudflow at Lapindo’s gas drilling site in Sidoarjo.

The government’s generosity continued last week. Two government banks, BNI and BRI, gave Rp1.39 trillion in l

...

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