Top bosses at Bank DKI to get walking papers
Top bosses at Bank DKI to get walking papers
JAKARTA (JP): Governor Sutiyoso said on Thursday he would
soon replace three top officials of city-owned Bank DKI due to
their alleged mismanagement which saddled the bank with Rp 172
billion in bad credit.
Sutiyoso said the three to be replaced would be bank president
Soeharto, director of general affairs Djunaidy Albaghdady and
director of marketing Bassar Soetardjo, who is also in charge of
channeling loans.
The governor said the replacements were being taken in line
with the city administration's plan to investigate their alleged
roles thoroughly.
"We will bring them (the top executives) to court if they are
found guilty," he said, refusing to give details about their
successors.
"I actually wanted to replace them some time ago but, as you
know, the replacement process is not easy as we first have to
carefully examine their credentials before requiring approval
from Bank Indonesia," he said.
Bank DKI has been under scrutiny ever since the extent of its
bad loans was uncovered mid last month.
It was believed that the bad loans were mainly caused by the
bank president's alleged authoritarian management style,
especially in the process of granting loans, and his reported
disregard of a company's accountability or credibility.
Moreover, Soeharto also reportedly granted loans to certain
parties without any acknowledgement of the board of supervisors,
which is chaired by Sutiyoso.
This year alone, Soeharto granted credit worth Rp 50 billion
to PT Jaya Real Properti for the construction of a housing
complex supposedly without considering the possibility of the
company failing to repay the debt due to the economic crisis.
The bank also granted Rp 800 million in credit to the National
Family Planning Board with Rp 200 million in collateral in the
form of land. Collateral should equal 150 percent of a loan.
Other examples are Rp 5.5 billion granted to PT Multan Pandira
for the construction of an office building, Rp 3 billion to the
Al Falah foundation and Rp 1 billion to PT Wiros.
Bank DKI's image has also been damaged by the fraudulent
purchase of 124.8 hectares of land in Bogor for the construction
of a housing complex for the administration's employees.
The case also involves city-owned property developer PD
Pembangunan Sarana Jaya (PSJ) officials who reportedly played
roles in purchasing the land from PT Multan Ekadharma.
On Tuesday, Jakarta Prosecutor's Office chief Syahmardan Lubis
said he would summon Soeharto and other officials from PSJ for
questioning.
Bank DKI was established in 1961 and has 11 branches
throughout the city. (ind)