Four years ago, the former chairman of Indonesia Bank Restructuring Agency (IBRA/BPPN) Syaf Temenggung was named a suspect by the Corruption Eradication Commission (KPK) for the issuance of release and discharge letter to tycoon Sjamsul Nursalim (Gajah Tunggal Group) related to the infamous Bank Indonesia liquidity support (BLBI). Three years later, Syaf was dramatically released and the investigation into Nursalim was dismissed. The Government ramped up its efforts in 2021 with its latest target being the Texmaco group. Last week the Government staged the seizure of nearly 600 assets belonging to the conglomerate. The Government forced Marimutu Sinivasan, who has been absent from the public for more than two decades, to appear and defend himself.To subscribe please click here
