Indonesian Political, Business & Finance News

Hang bank corruptors

| Source: REPUBLIKA

Hang bank corruptors

From Republika

The Indonesian people have recently been stunned by reports of huge bank scams at BNI (Rp 1.7 trillion) and BRI (Rp 294 billion). Quite easily these two government banks released such huge amounts of funds without following proper procedures.

We have also learned that the "black" tycoons and some government officials have collaborated to siphon off extraordinarily huge amounts of funds from the private banks through a mechanism known as the Bank Indonesia Liquidity Support Loan (BLBI) scheme. Those involved in this crime, however, are still at large.

Ironically, loan applications for the little people have to go through a very tight procedure. The government itself has said that the little people usually pay back their loans properly.

The little people can only dream of a time when they can get bank loans easily and wonder when the corruptors involved in bank scams will be hanged.

MULYADI Executive Board of Al Ma'soem Community with

Concern for Muslims (MAMPU)

Bandung

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