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Kadin chair remains silent over controversial acquisition
Smiling wide: Rosan Perkasa Roeslani poses after being elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin) on Nov
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Smiling wide: Rosan Perkasa Roeslani poses after being elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin) on Nov. 24. Rosan has refused to discuss the planned acquisition of Bank Pundi by the Banten government amid bribery allegations that has stalled the transaction. Rosan controls the mid-sized lender through his firm Recapital Securities. (JP/Arya Dipa) (Kadin) on Nov. 24. Rosan has refused to discuss the planned acquisition of Bank Pundi by the Banten government amid bribery allegations that has stalled the transaction. Rosan controls the mid-sized lender through his firm Recapital Securities. (JP/Arya Dipa)
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span class="caption">Smiling wide: Rosan Perkasa Roeslani poses after being elected chairman of the Indonesian Chamber of Commerce and Industry (Kadin) on Nov. 24. Rosan has refused to discuss the planned acquisition of Bank Pundi by the Banten government amid bribery allegations that has stalled the transaction. Rosan controls the mid-sized lender through his firm Recapital Securities. (JP/Arya Dipa)
Indonesia Chamber of Commerce and Industry (Kadin) chairman Rosan Roeslani has remained tight-lipped over the controversial plan to sell shares in Bank Pundi ' controlled by his firm Recapital Securities 'to the Banten provincial government.
In a rare public appearance, Rosan, who became well known in local business circles after a US$1.6 billion cooperation deal with Nathaniel Rothschild turned sour, refused to comment on the planned Bank Pundi transaction.
"Now is not the right time. I am currently acting on behalf of Kadin and not as a business owner," Rosan told journalists after the opening bell at the Indonesia Stock Exchange (IDX) in Jakarta on Wednesday.
Rosan, who took the helm of Kadin despite criticism over the delayed payment of severance pay to staff of his defunct Bloomberg TV Indonesia, promised to make a statement on Bank Pundi at another time.
In November 2015, the Banten administration announced its interest in buying Bank Pundi and making it a regional bank, despite there already being a regional bank, PT Bank Pembangunan Daerah Jawa Barat dan Banten (Bank BJB), serving the region.
The government intended to buy 50 percent of Bank Pundi through PT Banten Global Development. However, the acquisition was tainted by bribery allegations, forcing the home minister to instruct Banten Governor Rano Karno to freeze the purchase.
The Corruption Eradication Commission (KPK) arrested Banten Global Development CEO Ricky Tampinongkol after he allegedly handed over money to members of the Banten Legislative Council (DPRD) to ease the acquisition. (ags)
