Wow, BLBI Task Force Confiscates Assets In South Jakarta Area Of IDR 111.2 Billion

BLBI Assets in South Jakarta (Photo: Doc. Ministry of Finance)

The Task Force for Handling State Collection Rights for the Bank Indonesia Liquidity Assistance Fund (BLBI Task Force) controls three assets in the form of land and buildings in the South Jakarta (South Jakarta) area.

"The BLBI Task Force carries out physical control activities in the form of installing a sign on the property assets of the former BPPN/ex BLBI and carrying out confiscation of debtor guarantees in the South Jakarta City area with a total estimated value of IDR 111.2 billion," said Head of the BLBI Task Force Rionald Silaban in his official statement, quoted Wednesday, September 27.

Rionald detailed that the confiscated assets consisted of the former BPPN/ex BLBI property on Jalan Sultan Iskandar Muda (d/h Jalan Arterial Pondok Pinang, Pejompongan) Kebayoran Lama Selatan Village, Kebayoran Lama District, South Jakarta City, DKI Jakarta in the form of land according to SHGB No. 298/Kebayoran Lama a.n. PT Bank Umum Nasional covering an area of 283 m square originating from the former National Commercial Bank Creditor with an estimated value of Rp8.26 billion.

Next, the property of the former BPPN/ex BLBI on Jalan Cilandak KKO No. 52, Ragunan Village, Pasar Minggu District, South Jakarta City, DKI Jakarta in the form of land according to SHM No. 358, 1406, 1407, and 1411 a.n. Loka Prawira with an overall area of 2,702 square meters derived from the former Debitur Loka Prawira, former Unibank Creditor (BBKU) with an estimated value of Rp48.7 billion.

In addition, the confiscation of collateral was carried out on a debtor on behalf of PT Primaswadana Perkasa Finance, former Bank Putra Surya Perkasa in the form of a 2,465 square meter plot of land located on Jalan RS. Fatmawati No. 37 RT0010/01, Pondok Labu Village, Cilandak District, South Jakarta City, DKI Jakarta according to SHGB No. 9/Pondok Labu a.n. PT Primaswadana Perkasa with an estimated value of Rp54.24 billion.

"The assets were confiscated in order to settle debt obligations to the state which have not yet been fulfilled, amounting to Rp1.56 trillion, not including the 10 percent VAT Biad," he said.

Furthermore, the property assets of the former BPPN/ex BLBI that have been physically controlled will be optimized in accordance with applicable regulations. For the next stage, the BLBI Task Force has planned acts of physical control over property assets spread across various cities/regencies in Indonesia.

"Meanwhile, the assets of debtors of PT Primaswadana Perkasa Finance that have been confiscated will continue the management process through the PUPN mechanism, which is to be sold openly through auctions and/or other settlements," he said.

Rionald emphasized that the BLBI Task Force will continue to make ongoing efforts to ensure the return of state collection rights through a series of efforts, such as blocking, confiscation, and selling of obligor/debtor assets which are guarantees and other assets owned by obligors/debtors who have received BLBI funds and have not or have not completed their obligations to the state properly.