BLBI Debts Asked to Be Settled One By One
Monday, 12 February, 2007 | 16:42 WIB

TEMPO Interactive, Jakarta: Dradjad Hari Wibowo, a member of the Finance and Banking Commission at the House of Representatives (DPR) has asked the government to respectively settle the liabilities of eight debtors who received Bank Indonesia Liquidity Assistance (BLBI).

The reason for this was there were disparities in the amounts that the DPR must approve, however, some were sufficient to be approved by the government.

According to Dradjad, the mechanism must be taken so as to fix up the disparities of account receivables calculation of eight debtors with the government as stipulated in Law Number 1/2004 on the State Treasury.

“So, the disparities were calculated separately for each debtor,” he said in an SMS to Tempo yesterday (02/11).

According to Dradjad, based on report number 35/XII/2006 of the Supreme Audit Agency (BPK) on December 30, 2006 entitled “Review and Verification of PKPS” of seven debtors (James and Adisaputra Januardy were included as one), significant disparities in amounts between the government, the debtors and the BPK were found.

Total liabilities of the debtors, according to the Liability Repayment of Share Holder (PKPS) team at the Department of Finance—based on reformulated certificates of debt acknowledgment (APU)—were Rp2.54 trillion or, as the initial APU recorded, Rp9.37 trillion.

In addition, according to the debtors, their liabilities amounted to Rp2.2 trillion.

Therefore, the disparity was Rp7.15 trillion, using the initial APUs, or Rp324 billion, based on reformulated APUs.

Meanwhile, according to the BPK, this was actually lower that the calculation of the Department of Finance with Rp2.30 trillion.

AGUS SUPRIYANTO