Acting on asset foreclosure

Acting on asset foreclosure

JAKARTA (JP): Lawyer J.M. Sutarman on Tuesday urged the
finance minister, the governor of Bank Indonesia and the chairman
of the Capital Market Supervisory Agency to honor and follow up
the South Jakarta district court's order last week for the
foreclosure on two properties of Bank Bali in Jakarta and
Tangerang, West Java.

Sutarman, a lawyer for Mrs. Gina Widjaya, said in a legal
notice to the three senior officials that they should see to it
that any deals related to Bank Bali and the two properties should
be put on hold pending the final resolution of the case or else
"we would sue the government at the State Administrative Court."

The foreclosure was issued by Presiding Judge Djalius Amin at
the request of Mrs. Widjaya, who sued Bank Bali and its vice
president Tan Tjio Tong for damages related to a litigation case
the defendants filed against the plaintiff and her husband,
Bambang Sutrisno, at the Singapore High Court, over a bad loan.