IBRA Payoffs

BEFORE the Indonesian Bank Restructuring Agency (IBRA) closes shop, its officials will become richer. The size of the planned severance pay for IBRA officials is a controversial issue. A row has broken out because some people feel that the situation has gone too far and that something is not right. Is it right that the payouts should total Rp350 billion and that IBRA has been given the power to determine the salaries and severance pay of its own

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