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Following the Long IBRA Honeymoon

Tuesday, April 9, 2002

Evidently, all the conglomerates that deal with IBRA are frauds, including the Salim Group. The ongoing Sugar case proves that Salim misrepresented and undervalued its assets.

arsip tempo : 173506691441.

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Too often we hear the words "hollow", "rotten", or "rusting assets" mentioned in conversations about Indonesia's conglomerates. Last week, the words were brought up again in reference to the best-known conglomerate of them all: the Salim Group. That is hard for many to believe. Of all the debtors that benefited from central bank, Bank Indonesia's liquidity assistance, the Salim Group gave the impression of being

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