Away from the public spotlight, in July 2023, the Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) carried out the confiscation of collateral and/or other assets that they claimed to related to the obligor of Bank Indonesia Raya (BIRA, Bank Bira), Atang Latief, and obligor of Bank Tamara, Lidia Muchtar. Another party, PT Pantoru Mas, filed a lawsuit against this decision. The relationship between the parties is as complicated as any other obligors’ business relationship, but interestingly, the most recent hearing held by the court was actually carried out to withdraw the lawsuit. On the same day, PT Pantoru Mas filed a new lawsuit. To subscribe please click here
