LPS Banks Bankrupt Former Management And Shareholders Of BPR Citraloka Dana Mandiri

Photo (Maria Trisnawati Pongo/VOI)

JAKARTA - The Deposit Insurance Corporation (LPS) in accordance with its authority and mandate, assisted by a team of State Attorneys (JPN) at the Attorney General's Office of the Republic of Indonesia, has taken legal action by bankrupting the former management of BPR Citraloka Dana Mandiri (BPR CDM) for being uncooperative. .

"LPS does not hesitate to take firm legal action against rogue bank managers and shareholders. We ask that the management and shareholders in carrying out their duties and functions must comply with the principles of prudence or prudential banking and implement good governance," said the Director LPS Legal Executive, Ary Zulfikar in his official statement, Friday, July 1.

This step, continued Ary, was a legal breakthrough by LPS to obtain the recovery of failed bank assets, which was caused by fraud or fraud committed by former management and shareholders of BPR CDM for personal gain (fraud).

Previously, BPR CDM had its business license revoked by the Bank Supervisory Authority on February 14, 2008 and then the process for liquidating BPR CDM was carried out between February 14, 2008 to September 12, 2011.

"From the liquidation process, there are still remaining obligations that must be fulfilled to IDIC as a recovery from the guarantee fees that have been carried out by IDIC to customers of almost Rp. 54 billion," he added.

LPS immediately filed a civil lawsuit against the former management and shareholders of BPR CDM, based on the decision on the civil lawsuit with register number No. 493/Pdt/G/2015/PN.Bdg jo. No. 278/Pdt/2017/PT.BDG jo. No. 1665 K/PDT/2018, basically the three debtors are required to pay compensation jointly and severally based on the aquo claim filed by the IDIC.

In the process of implementing the decision, there are obstacles because the parties who are sentenced to pay compensation are not cooperative in carrying out the decision.

Therefore, LPS filed a PKPU application on August 23, 2021. And on May 25, 2022, the Central Jakarta District Court has decided to reject the peace proposal submitted by former management and shareholders of BPR CDM and bankrupt it.

"With the bankruptcy of the former BPR CDM management, according to law, each former management and shareholder namely Hendra Djaja, Istiarsih and Moh Icsan Lubis lost all their civil rights to manage their assets and had to be handed over to a team of curators appointed by the Commercial Court. at the Central Jakarta District Court," he concluded.