Gambling on a Personal Guarantee

AFTER a long absence from the public eye, the name of Usman Admadjaja has reappeared. The former banker, who owes the state Rp12.5 trillion, is reported to be lobbying senior officials in Jakarta to release him from the personal guarantee that has long bound him (see The Worth of Usman Admadjaja).

A personal guarantee is usually seen as the best "assurance" that a debt will be paid in full without exception. The collateral is not only his en

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.