Mahfud MD Leads BLBI Task Force Confiscate Two Harjono Obligator Assets: 2 Hotels And Golf Course In Bogor

BOGOR - Coordinating Minister for Political, Legal and Security Affairs (Menko Polhukam) Mahfud MD led the seizure of the assets of Bank Indonesia Liquidity Assistance (BLBI) obligors in the form of land assets along with two hotels and a golf course at Bogor Raya Golf.

"Today we confiscated again, Bogor Raya assets related to obligor Bank Asia Pacific, on behalf of Setiawan Haryono-Hendawan Haryono and other affiliated parties in the form of land and buildings," said Mahfud giving a statement at the location of the confiscation in Sukaraja Village, Sukaraja District, Bogor Regency, West Java, Wednesday 22 June.

The assets confiscated by the BLBI Funds State Collection Rights Task Force consisted of 89 hectares of land along with a golf course and two hotel buildings named Novotel and Ibis Style.

He estimates that, if converted into rupiah, the asset will be worth IDR 2 trillion. Mahfud said that economic activity in Bogor Raya Golf would continue even though its assets had been confiscated by the state.

However, the management is no longer carried out by PT Bogor Raya Development, but by the government through the Task Force.

"PT Bogor Raya Development has a lot of community economic activities. They can continue to operate but under state management, no longer PT Bogor Raya Development," said Mahfud.

The confiscation of assets in the Bogor Raya Golf area increased the acquisition of the BLBI Funds State Collection Rights Task Force to 22 million square meters of land which, if converted into rupiah, would be worth Rp22.6 trillion.

"I hope that after this the BLBI Task Force will continue with the next steps, so that we will finish in 2023. For those who have been called to prepare themselves with all available data, we will carry out the execution later," he said.

He realized that there would be protests and lawsuits after the confiscation of a number of assets. However, according to him, the Task Force for Handling State Collection Rights on BLBI Funds is ready to argue in legal terms.

"Anyway, we have been in debt for 24 years and are always in debt. Now we don't want to argue, confiscate, if we are not satisfied there is a legal route. This drags on because we serve debates, then we start to lose a lot of assets. right," said Mahfud.

Present at the confiscation ceremony were Head of the National Police Criminal Investigation Agency Komjen Pol Agus Andrianto, Head of the Task Force for Handling State Collection Rights for BLBI Funds Rionald Silaban who is also Director General of State Assets of the Ministry of Finance, as well as several regional officials from Bogor Regency.