Bank Bali's properties foreclosed<\/p>\n
JAKARTA (JP): The South Jakarta district court has ordered a
\nforeclosure on two properties owned by Bank Bali located on Jalan
\nHayam Wuruk, West Jakarta, and in the Bintaro Jaya residential
\narea, southwest of here.<\/p>\n
The foreclosure was issued by Presiding Judge Djalius Amin at
\nthe request of Mrs. Gina Widjaya who has sued Bank Bali and its
\nvice president Tan Tjio Tong for damages relating to a litigation
\ncase the defendants filed against the plaintiff and her husband,
\nBambang Sutrisno, in the Singapore High Court.<\/p>\n
J.M. Sutarman, a lawyer for Mrs. Widjaya, said in a statement
\non Monday that Bank Bali's subsidiary, Hong Kong-registered Bali
\nInternational Finance Ltd., and eight other Indonesian and
\nforeign creditors had sued Bambang and her wife in the Singapore
\nHigh Court over a bad loan which Bambang personally guaranteed.<\/p>\n
The creditors won an injunction from the Singapore court to
\nfreeze the assets of Bambang and Mrs. Widjaya worldwide.
\nConsequently Mrs. Widjaya sued Bank Bali in Jakarta early this
\nmonth for damages incurred by the freezing of the assets.<\/p>\n
She claimed that she had never given approval to her husband
\nto pledge the assets they, as a legally married couple, owned
\njointly as securities to the loan.<\/p>\n
She demanded that the guarantee and indemnity agreement
\nbetween Bambang and Bank Bali be declared void.<\/p>\n
However, Hotman Paris Hutapea, a lawyer for Bank Bali and Tan
\nTjio Tong, said on Monday her clients had never been summoned by
\nthe South Jakarta court to a hearing on the civil lawsuit.
\n(rid\/vin)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-balis-properties-foreclosed-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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