The management of Bank Mutiara bears a moral responsibility to compensate Bank Centry's depositors for their losses, a lawmaker says.
"When Bank Century was salvaged, its management was replaced and the bank was rebranded Bank Mutiara, part of the old management's responsibilities was transferred to the new one," Bambang Soesatyo of the Golkar Party told reporters Wednesday.
"Therefore, we hope Bank Mutiara management will cover the depositors' losses."
Bank Century was bailed out using funds of Rp 6.76 trillion (US$716 million), disbursed by the Deposit Insurance Corporation in November 2008.
Some of the depositors who fell victim to a bogus investment scheme run by Bank Century former owner Robert Tantular have yet to have their money returned.
The government argues that the depositors lost their money due to their failure in investing in non-banking products.
The depositors, however, said that they had been fooled because the investment, called the Antaboga Securities, was offered on official stationary using the Bank Century letterhead.
| 
|
|
|
|
|
|
|