Learning from the BNI case<\/p>\n
The loss of Rp1.7 trillion allegedly embezzled from the state-
\nowned Bank Negara Indonesia (BNI) is no laughing matter.<\/p>\n
The case has long been publicized and has been acknowledged by
\nState Minister for State Enterprises Laksamana Sukardi.<\/p>\n
Ironically however, why was such a great case not disclosed
\nduring the bank's general shareholders' meeting last June?<\/p>\n
As a publicly-listed bank, it should be transparent in its
\nmanagement but the government seems to be covering up the case
\nfrom the shareholders.<\/p>\n
Banking is a business of trust. People invest their funds in a
\nbank because they believe their funds would be safe and secure
\nthere.<\/p>\n
However, if they see something wrong in the banking system,
\ntheir trust in the banks would rapidly diminish.<\/p>\n
Learning from the case of BNI, all managers should be more
\ncareful in managing their banks, including internal supervision.<\/p>\n
The emergence of the case indicates that BNI's internal
\nsupervision is utterly weak.<\/p>\n
Hopefully, BNI's problem will soon be overcome and those who
\nare entangled in the case could face severe punishment.<\/p>\n
-- Republika, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/learning-from-the-bni-case-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }