Bring debtors in line

Bring debtors in line

From Bisnis Indonesia

I was drawn to offer my own suggestions after reading the opinion of Hartoyo Wignyowijoto in 'Disclose the names of the 228 borrowing companies' in Bisnis Indonesia on Feb. 3, 1998.

It is a fact that the impact on the public exerted by these companies in debt is much worse than that brought about by the liquidation of the 16 commercial banks, yet no action has been taken against them yet.

Although the banks have been liquidated, the debtors seem to have remained calm. After all, it is the government which has been doing everything to save them, and it is the public which has suffered from this crisis.

I believe the government should:

1. Announce the names of the 228 debtors and disclose the amount of their debts.

2. Each of these companies must be subject to inquiry to find out how they have used their loans.

3. Companies not using loans for the productive sector must be liquidated.

4. Any foreign exchange deposited abroad must be returned and used to repay the debts.

DEHEN BINTI

Banjarmasin,

South Kalimantan