In the beginning of last year, the Satgas BLBI (Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds related to the 1997-1998 financial crisis, confiscated some of the assets on behalf of Ulung Bursa (Bank Lautan Berlian). Ulung once decided to fight back but then reached some sort of agreement with the Satgas. Over a year later, this week, the confiscated assets were announced to be auctioned.To subscribe please click here
