Towil's assets worth
Towil's assets worth
three billion rupiahs
JAKARTA (JP): The former president of the State Development
Bank of Indonesia (Bapindo), now in custody in connection with
the Rp 1.3 trillion (US$620 million) loan fraud at the bank, was
reportedly in possession of about Rp 3 billion worth of property,
vehicles and bank accounts, a source at the Attorney General's
Office said yesterday.
The source said the estimates of Towil's wealth were
established after his assets were seized in the course of the
investigation.
Yanti Nurdin from the firm who defends Towil, Rudhy A. Lontoh,
Denny Kailimang & Associates, said that the investigators had
seized Towil's house on Jl. Mega Mendung, Puri Cinere, South
Jakarta, yesterday. Towil's cars were seized sometime last week.
She said her client's house is worth about Rp 500 million
($232,666).
The source in the Attorney General's office said that they had
frozen all of Towil's bank accounts at Bapindo. They have yet to
ascertain if he still has accounts in other banks, according to
the source.
He also said the investigators are still appraising the value
of Towil's three-star hotel in Bali.
"But we do not have the final figures yet," he added.
Towil was one of Bapindo's directors when $430 million in
loans were extended to Eddy Tansil, owner of Golden Key Group, in
1989. The investigation stemmed from allegations that, as the
director of the bank, he was criminally responsible for extending
the credit without the proper credit procedures.
Five other suspects have been arrested by the Attorney
General's Office. They are Eddy Tansil, the main suspect, Subekti
Ismaun, also former Bapindo's president, Sjahrizal, former
president of the State Savings Bank (BTN), Bambang Kuntjoro, a
former Bapindo's director and Maman Suparman, former Bapindo
Jakarta deputy manager.
Earlier on Wednesday Eddy Tansil offered several of his
companies which he claimed to be worth about Rp1.5 trillion
($698 million) as compensation for the losses caused by his
default loans from Bapindo. (02)