'BRI skips proper lending procedures'

'BRI skips proper lending procedures'

JAKARTA: A suspect in the Rp 180 billion (US$19 million) Bank
BRI scam, Yudi Kartolo, said on Thursday that bank managers
failed to conduct either a suitability or feasibility test before
granting him a loan.

He said although he knew the procedures applied were improper,
he nevertheless accepted the loan.

"I just trusted the middleman who set up the meeting between
me and the bank," he told the Central Jakarta District Court.

Yudi was a commissioner of PT Delta Makmur Ekspresindo (DME),
and is accused of falsifying documents to swindle money from two
BRI branches, one in Segitiga Senen and the other in Pasar Tanah
Abang, both in Central Jakarta.

The money was taken from pension fund deposits made by the
state seaport and dredging companies, Ministry of Agriculture and
the East Kalimantan Provincial Bank (BPD). -- JP