BLBI Settlement is deemed unfair

The BLBI affair is entering its 21st year since its disbursement in 1997.

REPUBLIKA.CO.ID, JAKARTA – The financial and banking observer Eko Supriyanto has unfairly considered mixing all the problem solving of Luquidity Bank Indonesia (BLBI) as if everything was corruption. In fact, the government has put in place an incentive policy for cooperative parties and sanctions against non-cooperative debtors.

Moreover, for those who have fulfilled all their obligations, the government sent a letter release and discharge (release and release) of all the prosecution, "Eko told Jakarta on Wednesday (27/6).

According to Eko, who is also director of the Infobank Research Bureau, to ensure legal certainty because he has fulfilled the obligation Master of Settlement and Acquisition Agreement (MSAA), if the former president of IBRA Syafruddin Arsjad Temenggung does not deserve to be judged, Syafruddin is currently charged with an amount of 4.58 billion rupees due to A keel certificate (SKL) issued to Sjamsul Nursalim (NRD).

Eko continued, referring to the settlement of shareholder obligations by the MSAA with five participants, namely Anthony Salim (BCA), Sjamsul Nursalim (BDNI), Mr. Hbadan (BUN), Sudwikatmono (Surya Bank), and Ibrahim Risyad (RSI ) have completed their obligations.

BPK at the conclusion of its audit report on November 30, 2006 stated that SKL is feasible since the shareholders of BDNI have fulfilled all the obligations agreed in the MSAA agreement and its amendment and has been in compliance with government policy and presidential instruction.

Now, the BLBI case has entered its 21st year since its disbursement in 1997. This case is interesting because of the trial of the former head of the Indonesian Bank Restructuring Agency at the court of the Jakarta corruption. Syafruddin Tomonggong was accused of abuse of authority by granting SKL to Sjamsul Nursalim, one of BLBI Bank's Dagang Nasional Indonesia (NRD) debtors in 2004. The Commission for the Eradication of Corruption (KPK) said that the alleged loss of the state reached Rp 4.58 billion.

Eko also invited refreshing public memories that the government's action in the face of the banking crisis at the time (1997) is in principle amicable settlement, namely in the form of the agreement of shareholders' settlement obligation (PKPS) with the MSAA system, MRNIA (Master Refinancing and Notes issuance agreement), and APU (certificate of recognition of the debt). The Soeharto government, BJ Habibie, Abdurrahman Wahid (Gus Dur) and Megawati have implemented bank restructuring policies. During the Soeharto period, the Indonesian Bank Restructuring Agency (IBRA) was established in January 1998.

The bank recapitalization program aimed at restoring banking operations was realized when BJ Habibie came to power. Then, in the era of Gus Dur, was created the Financial Sector Policy Committee (KKSK) with Presidential Decree 177/1999 which provides guidance to the IBRA. In 2000, Law No. 25/2000 on the National Development Program (Propenas) was adopted, which included a policy to provide incentives to cooperative debtors and to impose penalties on non-cooperative debtors.

Since 2001, the Megawati government has put in place policies to continue to cope with the impact of the economic crisis and banking conditions, particularly with respect to the recovery of debt badets and the sale of badets. # 39; s badets.

"It also states TAP MPR X / 2001 and TAP MPR VI / 2002 which imposes MSAA and MRNIA policies in accordance with Propenas law," said Eko.

He continued, do not let the debtors who have been cooperative still dragged, while the uncooperative still with a lively free swing. "Do not let Indonesia full of uncertainty that still sees the financial and banking crisis 21 years ago with the current horizon."

According to Eko, it is difficult to resolve the crisis with BLBI. "But it's the way the economy can move and the banking system can work again up to now," he said.