TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

A tale of the Tantulars, Rivsi

  • The Jakarta Post

Jakarta   /   Mon, November 24 2008   /  09:05 am

The Tantular family first entered the banking business when communism was still on the prowl in Indonesia. In 1965, Hashim Tantular formed Bank Central Dagang (BCD), which eventually folded in 1998. In 1989, Hashim transformed his money changer business Century Intervest Corporation into Bank CIC, which was controlled by Hindarto Tantular and later Robert Tantular. A Washington University graduate, Robert resigned from CIC's management in 2000 but remained a dominant influence at the bank. He still has a 9 percent stake in Century via PT Century Mega Investindo following the bank's merger and probably also owns public shares in the bank. Robert, who failed a central bank "fit and proper" test in 1999, was summoned by the Corruption Eradication Commission in 2006 as witness in the Unibank bond fiasco. Also prominent figures at Bank Century are Rafat...