Gov’t Seizes BLBI Obligor Assets of 340 Hectares of Land

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 1 April 2022
Category: News
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Photo: Ministry of Finance

The Government’s Task Force for Handling State Collection Rights for Bank Indonesia Liquidity Assistance (BLBI Task Force) has announced it continues to take actions in accordance with legal basis to restore the state rights.

To that end, the BLBI has again confiscated collateral belonging to BLBI obligors. This time, obligor Agus Anwar’s assets were confiscated in the form of more than 340 hectares of land in Bojong Koneng village, Babakan Madang district, Bogor regency, West Java province, known as PT Bumisuri Adilestari assets.

The confiscation of obligor Agus Anwar’s asset was carried out based on Deed of Agreement for Settlement of Shareholders’ Obligations and Recognition of Debt Number 6745/BIDKONS/1103 dated November 21, 2003 between Agus Anwar and the Indonesian Bank Restructuring Agency (IBRA).

“The confiscation was carried out considering that Agus Anwar as the Insurer of Debts to the State has not yet completed all of his obligations as an obligor at Bank Pelita Istismarat amounting to Rp635.443.200.000,40,” said Chairperson of the BLBI Task Force Rionald Silaban in his official statement as quoted from the official website of Ministry of Finance, Friday (04/01).

The original ownership documents are held by the Government, consisting of 11 Certificates of Ownership (SHM), 15 Deeds of Sale and Purchase (AJB), and 874 Statements of Release of Rights (SPPH) from the public to PT Bumisuri Adilestari since 1994.

“Furthermore, simultaneously, the BLBI Task Force has also made efforts to secure assets in the form of installing signposts on the land covering an area of ​​​​approximately 340 hectares, which were symbolically installed at 10 asset points,” said Rionald.

The confiscation, which was carried out by the bailiff from the Bogor State Property and Auction Service Office (KPKNL), was executed in the context of handling, settlement, and recovery of claim rights originating from BLBI funds.

Furthermore, for the collateral goods that have been confiscated, the management process will continue in accordance with the provisions of laws and regulation, namely open sales (auctions) and / or other settlements.

“The BLBI Task Force will continue to make ongoing efforts to ensure the return of state collection rights through a series of measures, including blocking, confiscation, and selling the obligor’s or debtor’s assets which are collateral goods or other assets owned by the obligor or debtor who have so far received the BLBI funds,” Rionald remarked. (PR Ministry of Finance/UN) (EST/EP)

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