20 Conglomerates with Outstanding Debt Obligations from the BLBI Receivables

Data from the Ministry of Finance shows that 20 conglomerates still owe the government receivables related to the disbursement of Bank Indonesia Liquidity Assistance (BLBI). The total debt of these tycoons amounted to Rp 30.43 trillion as of December 2020. Several of these conglomerates have been summoned by the Task Force for Handling State Receivables from BLBI Funds.

The following is a list of conglomerates that must repay their BLBI receivables:

1. Kaharudin Ongko

The conglomerate with the largest outstanding state receivables is Kaharudin Ongko. Ongko's debt amounts to Rp 8.19 trillion in the context of shareholder liability settlement (PKPS). The details are Rp 7.83 trillion related to ownership of Bank Umum Nasional (BUN) and Rp 359.45 billion related to ownership of Bank Arya Panduarta (Bank with Frozen Business Activities/BBKU).

2. Triyono Gondokusumo

Triyono has an outstanding debt of Rp 4.89 trillion in the context of shareholder liability settlement (PKPS) related to his share ownership in Bank Putra Surya Perkasa (PSP).

3. David Nusa Wijaya/Tarunojoyo Nusa

David and Tarunojoyo have an outstanding debt of Rp 4.31 trillion related to their ownership of Bank Servitia.

4. Setiawan Harjono/Hendarawan Harjono

Setiawan and Hendrawan Harjono have an outstanding debt of Rp 3.58 trillion related to their ownership of Bank Aspac (BBKU).

5. Samadikun Hartono

Samadikun Hartono has an outstanding debt of Rp 2.52 trillion related to his ownership of Bank Modern.

6. Hindarto Tantular/Anton Tantular

Hindarto and Anton Tantular have an outstanding debt of Rp 1.47 trillion in the context of shareholder liability settlement (PKPS) related to their ownership of Bank Central Dagang (BBKU).

7. Sujanto Gondokusumo

Sujanto Gondokusumo has an outstanding debt of Rp 822.25 billion related to his ownership of Bank Dharmala (BBKU).

8. Marimutu Sinivasan

Marimutu Sinivasan has an outstanding debt of Rp 790.56 billion related to his ownership of Bank Putra Multikarsa.

9. Hengki Wijaya

Hengki Wijaya has an outstanding debt of Rp 596.79 billion related to his ownership of Bank Tata Internasional.

10. Agus Anwar

Agus Anwar has an outstanding debt of Rp 577.81 billion related to his ownership of Bank Pelita Istismarat.

11. I.M Sudiarta/IGD Darmawan

I.M Sudiarta and IGD Darmawan have an outstanding government receivable of Rp 509.97 billion in the context of PKPS related to their ownership of Bank Aken.

12. Sjamsul Nursalim

Sjamsul Nursalim has an outstanding debt of Rp 470.66 billion related to his ownership of Bank Dewa Rutji (BBKU).

13. Ulung Bursa

Ulung Bursa has an outstanding debt of Rp 424.66 billion related to his ownership of Bank Lautan Berlian.

14. Santoso Sumali

Santoso Sumali has an outstanding debt of Rp 406 billion related to his ownership of Bank Bahari.

15. Lidia Muchtar

Lidia Muchtar has an outstanding debt of Rp 188.48 billion related to her ownership of Bank Tamara.

16. Baringin Marulam Hasiholan Panggabean & Joseph Januaridy

Baringin and Joseph have an outstanding debt of Rp 170.14 billion in the context of PKPS related to their ownership of Bank Namura.

17. Atang Latif

Atang Latif has an outstanding debt of Rp 155.73 billion related to his ownership of Bank Indonesia Raya. *(Note: There appears to be a typographical error in the original text; the amount is likely in billions, not trillions.)*

18. Kwan Benny Ahadi

Kwan Benny Ahadi has an outstanding debt of Rp 143.43 billion related to his ownership of Bank Orient (BBKU).

19. Fadel Muhammad

Fadel Muhammad has an outstanding debt of Rp 136.43 billion related to his ownership of Bank Intan.

20. Santoso Sumali

Santoso Sumali has an outstanding debt of Rp 70.46 billion related to his ownership of Bank Metropolitan.