Farid Harianto handle Indover

Bank Indonesia (BI) has appointed the former official of the Indonesian Banks Restructuring Agency (BPPN) Farid Harianto becomes team leader to handle the Indover case for fair resolution.
The team will represent BI to as the Indover shareholder to deal with all parties both domestic and international ones.
Since 10 November 2008, Farid Harianto has been appointed as the BI Governors advisor with special task to assist BI to find the best solution to all parties. The measure is expected to provide certainty and Indover resolution.
Farid formerly was the deputy head of BPPN to help disburse liquidity or so-called BI Liquidity Bank Assistance (BLBI) for some almost-collapse banks.
Indover was suspended by the Dutch court on October 7, 2008, after the liquidity constraint of the bank a day before following the global crisis. Indover rescue plan needs some IDR7 trillion bailout fund.
But, BI with 100 percent share ownership of Indover eventually decided not to inject any fund here. the government even claimed not to have any link with Indover case.
In fact, some domestic banks have exposures at Indover. Bank Mandiri has US$31 million exposures, BRI US$60 million, BNI US$27 million, Bank Ekonomi about 19,000 euros, Bank Artha Graha 107,890 euros, Bank Lippo US$5 million, and Bank Bukopin US$15 million.