About this document

IBRA Corruption Scandal in Indonesia by Zulmy Ikhsan W is a document available to read on EtoBox.

The Indonesian Bank Restructuring Agency (IBRA) was established in 1998 to help stabilize the banking system after the Asian monetary crisis. IBRA took over non-performing loans and assets from banks, totaling around $64 billion. However, over its six years of operation, IBRA faced significant corruption issues. Many of its seven directors over time were arrested on corruption charges related to writing off debts. By the time IBRA concluded in 2004, it had recovered only around $17.5 billion of assets, with

Author

Zulmy Ikhsan W

Language

EN