BLBI ‘Discount’ Injures Public Justice

Director of the Center of Economic and Law Studies (CELIOS) Bhima Yudhistira assessed that giving discounts or lower BLBI debt payments hurt public justice. He assessed that the money used by the government in BLBI is public money collected in the form of taxes. According to him, the government should collect more than the total debt with the consideration of inflation.

Director of the Center of Economic and Law Studies (CELIOS), Bhima Yudhistira.  (Photo: Mouab)

Director of the Center of Economic and Law Studies (CELIOS), Bhima Yudhistira. (Photo: Mouab)

“So don’t be merciful, it’s a protracted case and the obligors can expand their money so that they can create a business empire. This means that the government has provided many incentives,” Bhima explained to Mouab, Tuesday (22/9/2021).

Bhima assessed that the collection of BLBI debt which was lower than the value of the receivables was a setback. This is because the discourse on BLBI debt collection to BLBI obligors and debtors has received a positive response from the public.

Someone Asks the Government to Treat BLBI Obligors and Debtors Humanely

Yesterday (22/9), Coordinating Minister for Political, Legal, and Security Affairs (Menko Polhukam) Mahfud MD said there are people who think that the government needs to treat BLBI obligors and debtors humanely. The reason is the situation at that time there was an economic crisis. Although, Mahfud did not mention who made the request.

Mahfud said the government had implemented the humane policy. One of them is by providing a payment policy that is lower than the total debt. Therefore, said Mahfud, there is no longer any reason for obligors and debtors not to pay their debts.

Coordinating Minister for Political, Legal and Security Affairs Machfud MD delivered a press statement in Jakarta, Monday (20/9).  (Courtesy: KLI Bureau-Ministry of Finance)

Coordinating Minister for Political, Legal and Security Affairs Machfud MD delivered a press statement in Jakarta, Monday (20/9). (Courtesy: KLI Bureau-Ministry of Finance)

“They paid it much cheaper because it was adjusted to the situation at that time. There were those who had 58 trillion debts, only 17 percent of it, some were 30 percent because of such a situation,” Mahfud explained in a press conference in Jakarta, Monday (22/9/ 2021).

Mahfud added that obligors and debtors had made acknowledgment letters related to debts and assets that were handed over to the government. He emphasized that the government’s policy regarding BLBI has been completed legally and politically. The law was completed through the Supreme Court’s decision and politics through the DPR interpellation in 2009.

Minister of Finance: BLBI Task Force Has Called 24 BLBI Obligors and Debtors

Meanwhile, Finance Minister Sri Mulyani said that the Task Force for Handling Bills of Rights (BLBI Task Force) had summoned 24 BLBI obligors and debtors. Some of them admit that they have debts and have drawn up a debt settlement plan. However, there are also those who do not admit to having debt. Sri Mulyani said the BLBI Task Force would take legal action if necessary to restore state rights.

“The team will continue to take actions in accordance with the existing legal basis to restore the rights of the state,” explained Sri Mulyani.

Minister of Finance Sri Mulyani on Monday (20/9) delivered a press statement in Jakarta regarding the performance of the Task Force for Handling Claims Rights (BLBI) which had summoned 24 BLBI obligors and debtors.  (Courtesy: KLI Bureau-Ministry of Finance)

Minister of Finance Sri Mulyani on Monday (20/9) delivered a press statement in Jakarta regarding the performance of the Task Force for Handling Claims Rights (BLBI) which had summoned 24 BLBI obligors and debtors. (Courtesy: KLI Bureau-Ministry of Finance)

Sri Mulyani said one of the people who had been billed was a former National Commercial Bank obligor named Kaharudin Ongko. Even though Ongko has just returned a little of his debt. Assets that have been deposited are then deposited into the state treasury. The Task Force team has also made a number of efforts to ensure the return of state funds, such as issuing forced letters and preventing them from going abroad.

Early last April, President Joko Widodo issued Presidential Decree of the Republic of Indonesia (Keppres) Number 6 of 2021 concerning the Task Force for Handling State Claims for the Bank Indonesia Liquidity Assistance Fund (BLBI). The total assets of BLBI that can be returned to the state reach more than one hundred trillion. These assets include deposit guarantees, land certificates, and goods certificates. [sm/em]

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