The assets of the Texmaco Group were confiscated by the Bank Indonesia Liquidity Assistance (BLBI) and are about to be auctioned off by the government. Coordinating Minister for Political, Legal and Security Affairs Mahfud MD said the assets confiscated from the Texmaco Group were estimated at a total value of Rp 5.2 trillion for several auctions. Texmaco's boss is Marimutu Sanivasan. In his family business, Sanivasan was not the first in the fabric business, but instead his father. "His father, Sinnaja Marimutu, who was involved in the batik trade with Malaya, moved from Medan to Central Java during the confrontation with Malaysia in the 1960s," writes Yasutani Shimpmura in The Role of Governance in Asia (2003:116).

Marimutu Sanivasan himself was born in Medan January 17, 1937 and had studied at the Islamic University of North Sumatra. He worked more in his youth than in the classroom.

From a young age he has been in the textile business, at least since 1958, after trading it he then built his textile production. He moved to Jakarta in 1960 and two years later he did business in Pekalongan.

In Pekalongan, in 1962 Marimutu founded his yarn spinning business, the Djaya Perkasa firm. The name of the business after 1970 was Textile Manufacturing Company (Texmaco).

Marimutu Sanivasan managed to buy a batik factory in Batu in 1972 and its assets continue to grow in several cities. The textiles are not only for domestic needs, but also for foreign countries.

In addition to textiles, Texmaco's business has expanded into the automotive sector as well.

Marimutu Sanivasan was victorious in the New Order era. President Suharto then got to know him.

"We became acquainted in February 1993, when President Suharto opened and inaugurated the Texmaco factory in Karawang, West Java," admits Marimutu Sanivasan in Pak Harto: The Untold Stories (2011:237).

Two months later, Suharto personally invited Marimutu Sanivasan to his office. Where Suharto advised him to produce his own engine components in Indonesia.

A decade earlier, he had been known to the Minister of Industry, Ir Hartarto. Sanivasan admitted that he was encouraged to export textiles and build a machine industry.

Marimutu Sanivasan is the treasurer of the Karya Group. During Suharto's presidency, Sanivasan received credit from BNI, which later became bad debts. Until then BLBI confiscated.

Two months before Suharto stepped down in 1998, Suharto had inaugurated the Texmaco Perkasa factory in Karang Mukti, Subang. The name Perkasa in Sanivasan's business came from Suharto.