Failed For 20 Years, Task Force Seized 340 Hectares Of Land Owned By Obligor BLBI Agus Anwar In Bojong Koneng

JAKARTA - The Bank Indonesia Liquidity Assistance Task Force (BLBI) today confiscated assets belonging to obligor Agus Anwar in the form of 340 hectares of land in Bojong Koneng Village, West Java.

The daily chairman of the BLBI Task Force, Rionald Silaban, said that this step was a form of firm action on Agus Anwar's outstanding obligations as a BLBI obligor at Bank Pelita Istimarat obligor with a value of Rp635.4 billion.

"The confiscation of obligor Agus Anwar's collateral was carried out based on the 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)," he said in a press statement, Thursday, March 31.

According to Rionald, the original documents of ownership controlled by the government consist 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, the BLBI Task Force simultaneously made efforts to secure assets in the form of installing a sign on the land area of 340 hectares, which was symbolically installed at 10 asset points," he said.

Sri Mulyani's subordinates also revealed that the implementation of the confiscation carried out by the Bailiff from the Bogor State Property and Auction Service Office (KPKNL) was carried out in the context of handling, settling, and recovering collection rights originating from BLBI funds.

Meanwhile, furthermore on collateral goods that have been confiscated, the management process will continue in accordance with the provisions of the legislation, namely open sales (auctions) or other settlements.

For information, the government itself said that the BLBI issue was a case that had stalled since 1998 or about 20 years ago with an estimated total state loss of Rp110 trillion.

"The BLBI Task Force will continue to make continuous efforts to ensure the return of state collection rights through a series of measures such as blocking, confiscation, and selling obligor and debtor assets which are collateral or other assets that have received BLBI funds," concluded Rionald.