BLBI Task Force Continues To Rush, The Seized Assets Increase To IDR 15.1 Trillion

JAKARTA - The Task Force for Handling State Claims for the Bank Indonesia Liquidity Assistance Fund or the BLBI Task Force is known to continue to diligently hunt down the assets of BLBI obligors and debtors who are recorded to have debts to the state.

Most recently, the Coordinating Minister for Political, Legal and Security Affairs (Menko Polhukam) Mahfud MD reported that there was an increase in confiscated assets to a total of Rp. 15.11 trillion. This number jumped quite high from the book until December 31, 2021, which was valued at Rp. 9.82 trillion.

In Mahfud's statement, a fairly significant contribution was obtained from the Texmaco Group in the amount of Rp. 1.9 trillion. This figure is the second confiscation for Texmaco after previously the seizure of 4.7 million square meters of land in the first phase at the end of last year.

"If an average of seven months the BLBI Task Force works, then every month there are around Rp. 2 trillion in assets confiscated by the state from obligors and debtors," he said during a press conference today, Thursday, January 20.

Despite showing good progress, the Task Force's work is quite heavy. The reason is, there are around Rp. 110 trillion in state receivables that must be collected from the evaders of the central bank bailout. Moreover, the lifespan of the BLBI Task Force is planned only until the end of 2023.

"Anyway, everything will be accounted for at the end of 2023," concluded Coordinating Minister for Political, Legal and Security Affairs Mahfud MD.