Cempaka Business and Economy: BLBI debtors finally agree to relinquish more assets

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, January 29, 2009

BLBI debtors finally agree to relinquish more assets

Aditya Suharmoko, The Jakarta Post, Jakarta | Thu, 01/29/2009 1:54 PM

After more than 10 years of dispute over the recovery of central bank bailout funds, several recalcitrant debtors have agreed to cooperate.

As a result of progress after enquiries last year by the House of Representatives into the settlement of squandered Bank Indonesia liquidity support (BLBI) funds worth Rp 702 trillion (US$ 62.1 billion) of taxpayers money, the Finance Ministry disclosed Wednesday that eight debtors have agreed to relinquish more assets to settle the dispute.

After a hearing with the House's BLBI supervisory team, Finance Minister Sri Mulyani Indrawati said eight debtors supervized by the ministry have signed a deal to settle their debts once and for all.

"They have inked the debt settlement deal. We are now valuing their assets. If the value is still lacking, they have to top up to cover the shortfall," she said.

According to the Supreme Audit Agency (BPK), the eight debtors under the ministry's settlement deal, owe the state a total of Rp 2.3 trillion.

However, the figure can reach higher than that, if the BPK include interests and fees which should be paid by the debtors, say lawmakers.

Bank Indonesia provided the liquidity support funds BLBI to help ailing banks during the Asian monetary crisis in 1997 and 1998.

Only a small part of Rp 702 trillion lost was recovered after the crisis.

Dradjad H. Wibowo, a member of the BLBI's supervisory team, said debtors had agreed to settle debts with assets, which would then be sold by the government.

"We expect the money (from the asset sale) could be included in the 2009 state budget. The assets should be sold this year considering the case started 10 years ago," he said.

An investigatory motion by the lawmakers was launched early last year with the aim of pushing the government to set legal and political parameters for the conglomerates accused of stealing BLBI funds and concerning the amount of money that could be returned to the state.

Deputy House budgeting committee chairman Hari Azhar said the queries showed political commitment by lawmakers to end the case.

Chairman of the BLBI's super-visory team Aulia Rahman said lawmakers would hold a meeting with the ministry on Feb. 4 to oversee the progress in recovering the BLBI funds, with the Attorney General's Office and National Police on Feb. 11 and Feb. 18, to seek progress in the parallel prosecution of these cases.

The Attorney General's Office (AGO) and the National Police are each handling eight debtors.

Golkar and the Indonesian Democratic Party of Struggle (PDI-P), the two largest House factions, had previously opposed questioning the government as this might disclose alleged fund flows to both parties.

Several figures from the two parties are believed to have been involved in the disbursement of BLBI funds to eight private banks during the economic crisis. The PDI-P was also blamed for halting investigations into certain BLBI debtors under the so-called Master of Settlement Agreement during the administration of President Megawati Soekarnoputri.

Eight BLBI debtors under Finance Ministry supervision

James Januardy (Bank Namura)
Adisaputra Januardy (Bank Namura)
Atang Latief (Bank Bira)
Lidya Mochtar (Bank Tamara)
Omar Putihrai (Bank Tamara)
gMarimutu Sinivasan (Bank Putera Multikarsa)
Agus Anwar (Bank Pelita/Istismarat)
Ulung Bursa (Bank Lautan Berlian)

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Thursday, January 29, 2009

BLBI debtors finally agree to relinquish more assets

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