Indonesia seizes land, other assets linked to 1998 bailouts

Indonesia seizes land, other assets linked to 1998 bailouts

Jakarta, Indonesia. Photo: Bayu Syaits/unsplash

Indonesian authorities have seized 5.3 million sqm (530 hectares) of land and property assets in several cities, as part of efforts to recoup unpaid state loans given to banks during the Asian financial crisis in 1998, a minister said.

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