Top! The BLBI Task Force Again Seizes Texmaco's Assets Of IDR 1.9 Trillion From The Second Phase Confiscation

Illustration (Photo: Doc. Antara)

JAKARTA - Coordinating Minister for Political, Legal and Security Affairs Mahfud MD said that the Task Force for Handling State Claims for the Bank Indonesia Liquidity Assistance Fund or the BLBI Task Force again succeeded in seizing the assets of the Texmaco Group worth Rp. 1.9 trillion.

According to Mahfud, this step was carried out in the second confiscation after the first confiscation resulted in quite large results.

"Until 10.00 WIB, the BLBI Task Force again confiscated the Texmaco Group's collateral assets," he said at a press conference held today, Thursday, January 20.

In Mahfud's explanation, it was revealed that the Rp1.9 trillion assets were spread over six different locations, namely, Tangerang City, Semarang City, Karawang Regency, Pemalang Regency, Kendal Regency, and Batang Regency.

"There are 159 plots of land with an area of 1.9 million square meters," he asserted.

VOI noted that the work recorded by the BLBI Task Force completed the first phase of Texmaco's seizure of 587 plots of land located in five areas with a total area of 4.7 million square meters.

For information, the government through the Ministry of Finance claims that the Texmaco Group has a BLBI debt of IDR 29 trillion. However, Marimutu Sinivasan as the owner of Texmaco claims that it only has an obligation to pay Rp 8 trillion.

Each of the warring parties took the case to the Central Jakarta District Court for a settlement.

Just so you know, the total assets that the Task Force has successfully collected from BLBI obligors and debtors to date are IDR 15.11 trillion. This amount is still far from the target of BLBI receivables that must be obtained by the state of Rp110 trillion.