August 14, 1999 
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| August 14, 1999 | atimes.com | |
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| Southeast Asia Indonesia's IBRA fights for respectability JAKARTA - The Indonesian Bank Restructuring Agency (IBRA) strongly denied involvement in the alleged Bank Bali scandal that has badly weakened its credibility. One of IBRA's top executives has been sacked for suspected involvement in the scandal of hundreds of billions of rupiah. IBRA chairman Glenn Jusuf said in a news release that IBRA has been a target of unfounded accusation by politicians. "Certain politicians have sought to discredit IBRA for political gain," Glenn insisted. Politicians and observers have called for the resignation of Glenn and other cabinet ministers for either negligence or involvement in the scandal. Meanwhile, the new management of Bank Bali said it is ready for investigation and will be willing to cooperate in any investigation into the alleged scandal. The management of the publicly listed bank has been taken over by Standard Chartered Bank under the direction of IBRA, which has taken over ownership of the bank. Douglas Backett, chairman of the bank management team, said the management's priority is to revamp the bank to protect the interests of its customers and workers. (Asia Pulse/Antara) | |||||||||
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