IBRA set to auction frozen bank's vehicles
IBRA set to auction frozen bank's vehicles
JAKARTA (JP): Eighty-three cars and 41 motorcycles owned by 10
banks whose operations were suspended by the government will be
auctioned to the public next week, an executive of the Indonesian
Bank Restructuring Agency (IBRA) said on Tuesday.
Before taking part in the two-day auction on Tuesday and
Wednesday, interested parties are invited to take a close look at
the vehicles at the warehouse of state-owned PT Balai Lelang
Indonesia (Balindo) auction house on Jl. Rawa Gelam in Pulogadung
industrial estate, East Jakarta.
According to IBRA's Assets Management Unit head Eko S.
Budianto, the vehicles will be available for viewing for three
days beginning this Friday from 9 a.m. to 5 p.m.
"The first phase auction is opened to the public and everybody
will be allowed to take part in bidding," he said, adding that
the sale has been organized jointly with IBRA and Jakarta's State
Auction Office.
Based on the organizers' advertisements in several media, the
cars to be auctioned include 37 Toyota Kijang vans, 14 Suzuki
Baleno sedans, 13 Great Corolla sedans, five BMW sedans, three
Mitsubishi Colt L300 minibuses, two Honda Grand Civic sedans and
one Mercedes-Benz sedan.
The motorcycles consist of 19 Honda GL-Pro, 14 Vespa scooters
and eight Honda Grand Astrea.
Each participant in next week's auction, which will commence
at 9 a.m., is required to pay a guarantee of Rp 2 million
(US$270) for a car and Rp 500,000 for a motorcycle.
Remitted guarantees should be received by the organizers by at
least one day before the auction and cash guarantees should be
received at least one hour before the auction commences.
According to Eko, all employees of IBRA and the State Auction
Office are prohibited from participating in the auction.
The government suspended seven banks in April and three others
in August this year.
The banks included Bank Surya, Bank Subentra, Hokindo Bank,
Bank Pelita, Centris International Bank, Bank Modern, Bank Dagang
Nasional Indonesia and Bank Umum Nasional. (jun/bsr)