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)