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Tuesday, April 22, 2003

IBRA still trusts Lippo Banks old owners to control the bank. The Investment Management Performance Agreement could be a powerful reason.

arsip tempo : 173171389365.

. tempo : 173171389365.

The governments earnestness in cleaning up Lippo Bank was not reflected in the results of the banks shareholders extraordinary meeting held last Tuesday. The meeting brought back the old names to sit in the board of commissioners, and brought in new, largely unknown people to be members of the board of directors. To be sure, no breakthrough was expected out of the shareholders meeting simply because the Indonesian Bank Restructuring Agency (IBR

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