Laksamana Sukardi, Indonesia's state enterprises minister, spoke
to Euromoney's Chris Cockerill about progress and problems in the
country's bank restructuring.
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Sukardi: "We need
recovery and also
justice.That might
come at the price of
recovery." |
Last month you introduced IBRA's [Indonesian Bank
Restructuring Agency] seventh new chairman. Is it going to be lucky
number seven?
Don't think of it as a number. IBRA is unique and is operating in
an abusive environment. It is dealing with $67 billion of debt
restructuring, asset sales and thousands of cases of litigation.
Also remember that out of the seven, some only lasted a couple of
months. We also need built-in controls and when something wrong has
been done you have to substitute.
Define your relationship with the previous chairman, I Puto Gde
Ary Suta
He was appointed by the previous president, so that tells you a
lot. I think we needed to improve the...
