Confessing There's No Involvement In BLBI, How Much Is Tommy Suharto's Debt Sri Mulyani Cs' Version?

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

JAKARTA – Hutomo Mandala Putra alias Tommy Suharto confirmed that he had no debts to the Bank Indonesia Liquidity Assistance (BLBI) case. Recently, the youngest of former President Suharto gave his latest comments.

"There was no confiscation, people don't have debts," he said while taking part in the inauguration of the construction of the New Palm Hill Club House in Sentul Bogor on Friday, December 17.

The statement at the same time countered the confiscation by the state led by the Minister of Finance (Menkeu) Sri Mulyani, who was said to have confiscated a number of assets from Tommy.

"We will wait next month," he said.

So how much is Tommy Suharto's debt for the BLBI issue according to Sri Mulyani et al?

Based on VOI records, on Thursday, August 26, the BLBI Task Force planned to summon Tommy Suharto in accordance with the Decree of the President of the Republic of Indonesia Number 6 of 2021. However, he was not present on the set agenda.

Meanwhile, the government version of Tommy Suharto's debt has reached a fantastic value, reaching trillions of rupiah.

"(Agency summons) Completing the right to collect state funds from BLBI funds based on the Determination of the Amount of State Receivables Number PJPN-375/PUPNC.10.05/2009 dated June 24, 2009 of at least Rp. 2.61 trillion," said the BLBI Task Force some time ago.

Not only Tommy, the Task Force also summoned the management of PT Timor Putra Nasional with the address at Jalan Balai Pustaka Rawamangun, East Jakarta, and Ronny Hendrarto Ronowicaksono.

Tommy Suharto's footsteps in BLBI

From the information gathered by the editors, 'Prince of Sandalwood' was noted to have been the owner of Bank Pesona. The financial institution is said to have received a bailout from Bank Indonesia of Rp. 2.3 trillion.

The funds were intended as a bailout so that banks would have the ability to maintain cash flow when there was a wave of withdrawals by customers following the 1998 crisis. Despite efforts to survive through central bank liquidity injections, Bank Pesona was finally decided to be included in the category of Frozen Bank for Business Activities (BBKU) on 13 March 1999. Until then liquidated on 27 April 2004 by the competent financial authorities in this country.

Seize assets in Karawang

On Friday, November 5, the Daily Chief of the BLBI Task Force, Rionald Silaban, led the effort to confiscate the guaranteed assets of PT Timor Putera Nasional (PTN) in Karawang Regency, West Java.

In detail, Rionald explained that the PUPN bailiff had confiscated and installed a signpost 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.

Sold for IDR 1 million per meter

On a different occasion, Rionald gave a statement that the confiscation of a number of parcels of land and buildings belonging to Hutomo Mandala Putra alias Tommy Suharto had entered the stage of estimating the selling price.

According to him, this strategy was carried out to restore state rights that Tommy had used for the central bank bailout decades ago.

"For the assets (Tommy Suharto) that were confiscated yesterday, as we have conveyed, the amount is around 124 hectares and an assessment is currently being carried out," he said.

"There is an estimate, if it were Rp. 500,000 per meter, then (the price) would be around Rp. 600 billion. However, if it is Rp. 1 million per meter, the value is Rp. 1.2 trillion,” he said.

For information, Minister of Finance Sri Mulyani said that until now the government is still providing BLBI funds to the central bank in the amount of Rp. 110.454 trillion, which was disbursed to obligors and debtors during the 1997-1998 financial crisis.

"To this day, the government still has to pay the BLBI to the central bank, which disbursed funds to banks, which at that time were experiencing liquidity difficulties," he said.