Bank Mutiara Preps for Shareholders Meeting

KPK Chief says Sri Mulyani provided information that had never been given before

that may unveil the mystery shrouding the Bank Century bailout.

Mutiara's new commissioner from J Trust says the Japanese
company will will focus on completing the ownership transfer.

Once the payment is made, LPS will hold a GMS and place the
money in permanent account, spokesman says.

OJK chief says the agency is working with Japan's financial
regulator, the Financial Services Authority (JFSA) in checking
up J Trust's data.

At 3.5 times the value of the bank's net equity, the sale price
is still lower than the Rp8 trillion LPS paid to bail Bank
Century in 2008 and 2013.

The Deposit Insurance Agency (LPS) names a Japanese investment
company as a potential bidwinner to acquire the former bank
Century.

Century Assets Return Team is worried that Budi Mulya's case may
become a hurdle in the process of returning Bank Century's
assets to the state.

Budi Mulya has been subjected to 17-year prison sentence for
abusing his authority by channeling short-term financial
assistance.

BRI has prepared Rp3 trillion for inorganic growth, including funds for the
acquisition, corporate secretary says.

Ministry official says as long as the acquisition process is
prudent, BRI will be spared from the political issues that are
attached to Bank Mutiara.