Depositors' money at liquidated banks<\/p>\n
From Bisnis Indonesia<\/p>\n
I think the blocking of depositors' money at liquidated banks
\nis no small problem.<\/p>\n
The money is the result of years of saving. Some of the
\ndeposits may come from a lump sum retirement payment in which the
\nbank interest is used by the retired employee to live on.<\/p>\n
If retired people lose their savings, how could they and their
\nfamily live? Many people could become ill from such stressful
\ncircumstances.<\/p>\n
I hope the government will allocate IMF funds or ASEAN
\nbilateral aid to pay back people who had deposits of over Rp 20
\nmillion at the banks undergoing liquidation.<\/p>\n
The Indonesian government receives a 15 percent tax on the
\ninterest of savings in Indonesian banks (no such tax is known
\nabroad). The government has been able to collect large revenues
\nfrom such taxes since 1988.<\/p>\n
The question is whether the liquidation of banks -- which keep
\ndepositors' money -- violates human rights and the principle of
\njustice in a country based on law. The liquidated banks operated
\nwith a permit issued by Bank Indonesia, the government
\ninstitution which sets the conditions for the establishment of
\nbanks and supervises their operations.<\/p>\n
EFFENDY<\/p>\n
Bandung, West Java<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/depositors-money-at-liquidated-banks-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }