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Indonesia seizes land and other assets linked to 1998 bailouts, confirms chief security minister

Indonesian authorities have seized 5.3 million sqm (530 hectares) of land and property assets in several cities, as part of efforts to recoup unpaid state loans given to banks during the Asian financial crisis in 1998, a minister said.

Jawa baratJakarta rayaDanang kemayan jatiHutomo tommy mandala putraSri mulyani indrawatiJoko widodoLippo karawaciMulyani indrawatiLippo bankIndonesian bank restructuring agencyPresident joko widodoSoutheast asiaMinister sri mulyani indrawati

Lippo Tegaskan Tak Terima Dana Satu Sen Pun dari BLBI

Tidak ada satu pun perusahaan Lippo, termasuk Bank Lippo, yang pernah meminta atau mendapatkan sekalipun atau satu sen pun, dana BLBI, tegasnya.

Jawa baratJakarta rayaTask forceLippo confirm no receive fundsCents evenAtomic numberLiquidity banks indonesiaBanks lippoUnit taskHandling right receivable state fundsHousing lippoCoconut twoDepartment financeDepartment of financeLippo argued got field landConfiscated task force

Indonesia seizes land, other assets linked to 1998 bailouts

The land was used as collateral for bailouts and included 251,992 sqm (25.2 hectares) in Tangerang, west of capital Jakarta.

Jawa baratJakarta rayaDanang kemayan jatiHutomo tommy mandala putraSri mulyani indrawatiJoko widodoLippo karawaciMulyani indrawatiLippo bankIndonesian bank restructuring agencyPresident joko widodoSoutheast asiaMinister sri mulyani indrawati

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