Top! BLBI Task Force Seizes Timor Assets Owned By Tommy Suharto In Karawang For Debt Of IDR 2.6 Trillion

Hutomo Mandala Putra alias Tommy Suharto (Photo: Doc. Antara)

JAKARTA - The Task Force for Handling State Claims for the Bank Indonesia Liquidity Assistance Fund (BLBI) reported that today it has confiscated the collateral assets of PT Timor Putera Nasional (PTN) in Karawang Regency, West Java.

The Daily Head of the BLBI Task Force Rionald Silaban said this action was taken after making efforts to collect PT TPN's obligations.

"The collection of PT TPN's obligations comes from loans from several banks," he said in a press statement on Friday, November 5.

According to Rionald, the outstanding value of PT TPN's debt to the government which was billed by the State Receivables Affairs Committee (PUPN) after adding the administrative costs for managing state receivables (10%) was more than Rp. 2.61 trillion.

"(The amount) is in accordance with PJPN-375/PUPNC.10.05/2009 dated June 24, 2009," he said.

Furthermore, Sri Mulyani's subordinate revealed that the collection made by PUPN had reached the stage of issuing a letter of confiscation on PT TPN's guaranteed assets.

"However, the implementation of the confiscation of assets cannot be carried out because of obstacles in the field and today it is carried out," he said.

In detail, Rionald explained that the PUPN bailiff had confiscated and installed a sign on 4 land assets which were PT TPN's credit guarantees. Meanwhile, the four assets are:

1. Land with an area of 530,125,526 m2 is located in Kamojing Village, Karawang Regency as stated in SHGB Number 4/Kamojing on behalf of PT KIA Timor Motors.

2. The land area of 98,896,700 m2 is located in Kalihurip Village, Karawang Regency as stated in SHGB Number 22/Kalihurip on behalf of PT KIA Timor Motors.

3. Land with an area of 100,985.15 m2 is located in Cikampek Pusaka Village, Karawang Regency as stated in SHGB Number 5/Cikampek Pusaka on behalf of PT KIA Timor Motors.

4. Land with an area of 518,870 m2 is located in Kamojing Village, Karawang Regency as stated in SHGB Number 3/Kamojing on behalf of PT Timor Industri Component.

"For PT TPN's collateral assets that have been confiscated, the management process will continue through the PUPN mechanism, namely open sales (auctions)," he said.

For information, the firm action against the business entity owned by Hutomo Mandala Putra alias Tommy Suharto was carried out by cooperating with a number of elements, including the Criminal Investigation Unit of the Police, the West Java Police, and supported by the Military District Command (Kodim) 0604 Karawang, and the Satpol PP.

In addition, this confiscation was also accompanied by the State Intelligence Agency (BIN) and the National Land Agency (BPN).

"The BLBI Task Force will continue to collect obligations from obligors/debtors and exercise control over collateral assets so that the return of BLBI funds obligations can be realized immediately," concluded Rionald.