Weekly Business

Syafruddin’s Tears

Syafruddin Temenggung was tearyeyed. The Chairman of the Indonesian Bank Restructuring Agency (IBRA) had just shed some tears. He was sad because IBRA’s legal efforts had failed to secure full support from the judiciary. “The court consistently acquitted bank owners,” he told the House finance and banking commission last Tuesday. He also referred to the discharge of Samadikun Hartono (Bank Modern) and K

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