Gov’t Seizes BLBI Obligor Asset Worth Rp630 Billion

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 23 Februari 2022
Category: News
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Photo by: Ministry of Finance DJKN

The Government through the Task Force for Handling State Collection Rights for the Bank Indonesia Liquidity Assistance (BLBI Task Force) has confiscated asset of the former obligor of Bank Umum Nasional Kaharudin Ongko in the form of 31,530 square meters land located in Wonokromo, Surabaya.

“The confiscation was carried out as part of the state’s efforts to recover BLBI funds that had been disbursed to Bank Umum Nasional amounting to Rp7.82 trillion,” Ministry of Finance’s Director General of State Assets (DJKN) who also helms the BLBI Task Force Rionald Silaban said in his official statement, Wednesday (02/23).

Furthermore, the confiscated assets will be processed through auction and/or other settlements in accordance with the State Receivables Affairs Committee (PUPN) mechanism. “Currently, the DJKN’s appraisal team is still assessing the value of the collateral asset,” Rionald added.

Meanwhile, the estimated market value of the 31,530 square meter land is Rp630 billion. As for the parties currently conducting business activities at the asset location, they can still carry out their business activities until further notice by the BLBI Task Force.

“The BLBI Task Force will continue to make efforts to ensure the return of state claims through efforts to block, confiscate, and sell the obligor/debtor’s assets which are collateral or other assets owned by the obligor/debtor who received BLBI funds.” Rionald said.

For the record, the series of efforts to recover BLBI funds is a synergy between all ministries/agencies involved in the Task Force, including Coordinating Ministry for Political, Legal and Security Affairs, Attorney General’s Office, National Police, Ministry of Finance, Ministry of Law and Human Rights, Ministry of Agrarian and Spatial Planning, Ministry of Home Affairs, the Finance and Development Supervisory Agency, the State Intelligence Agency, and the Financial Transaction Reports and Analysis Center. (Ministry of Finance PR/UN) (GWH/MUR)

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