Nov. 28, 2002 : Bank Lippo publishes its financial report in the

Nov. 28, 2002 : Bank Lippo publishes its financial report in the mass media, stating the bank posted a net profit of Rp 99 billion and that it had a 24.8 percent capital adequacy ratio (CAR) as of September 2002.

Dec. 28, 2002 : Lippo submits a second financial report to the Jakarta Stock Exchange, saying that the bank recorded a loss of Rp 1.27 trillion and had a CAR of around 4 percent over the same period as covered by the first report.

March 17, 2003 : The Capital Market Supervisory Agency (Bapepam) imposes a Rp 2.5 billion fine on Lippo management for misleading the public.

March 28, 2003 : The Ministry of Finance imposes sanctions on three appraisers and an auditor who conducted an appraisal of Lippo's assets and an audit of its financial reports. The sanctions ranged from written warnings to temporary revocation of their practice licenses.

April 15 : A shareholders' meeting appoints Joseph Luhukay as the new president, but retains former controlling shareholder Mochtar Riady as chairman of the board of commissioners, a decision which analysts say could derail efforts to instill confidence in the bank.