Rapid Action, Ex-BLBI Assets Directly Backed Name On Behalf Of Government

Photo: Doc. Ministry of Finance

The Task Force for Handling State Collection Rights for the Bank Indonesia Liquidity Assistance Fund (BLBI) has made efforts to secure state assets originating from former BPPN/ex BLBI property assets through a certification program.

Head of the BLBI Task Force Rionald Silaban said this step was aimed at maintaining the assets so that they were physically orderly, in administrative order, and in legal order.

"The BLBI Task Force has received a property ownership document for the former National Bank Restructuring Agency (BPPN)/ex BLBI in the form of 7 (seven) use rights certificates on behalf of the Government of the Republic of Indonesia, which were handed over directly by Mutiawati as Head of the Lhokseumawe City Land Office to representatives of the BLBI Task Force and the Directorate General of State Assets, at the BLBI Task Force Office in Jakarta," he said, quoted on Friday, December 9.

According to Rionald, the background of the land certification program because there are still property ownership documents of former BPPN/ex BLBI is still recorded in the name of the former debtor or other third party.

"This is important in order to strengthen the legality of asset ownership, certification is carried out into a certificate of use rights on behalf of the government cq of the Ministry of Finance," he said.

Rionald added, since the establishment of the BLBI Task Force, the certification carried out through the Lhokseumawe City Land Office is the first land office in Indonesia to have certified seven license certificates on behalf of the government.

"We also need to inform you that there are still other certification processes that are being carried out through city/district land offices spread across Indonesia," he stressed.

"Furthermore, the BLBI Task Force and the Directorate General of State Assets will continue to coordinate and synergize with BPN/land offices throughout Indonesia in order to secure state assets through asset certification including optimizing management in accordance with applicable regulations," concluded Rionald.