11.   I dare not mention the names of the politically well connected people, but their bad debts to the problem banks are huge -- in the trillions of rupiah.

12.   IBRA is in charge of supervising and managing problem banks, while the central bank is to handle what are classified as sound banks.

13.   It does not address problem banks.

14.   The agency will take over problem banks and restructure them.

15.   The central bank was urged to clean up all the bad assets of the problem banks before soliciting foreign investment.

16.   Therefore, he suggested that the government investigate the owners and all people involved in the management of the problem banks.

17.   Two other problems bank, Union and Federal, will be bailed out with the help of other healthy banks, the statement said.

18.   Ogunwa said the managers and stockholders of the banks in question and any person having debts to the problem banks must regularize their position quickly or face legal proceedings.