he Attorney General’s Office (AGO) said it would investigate several state-owned enterprises (SOEs) for allegedly misappropriating pension funds after SOEs Minister Erick Thohir on Tuesday handed over an audit.
The AGO did not reveal the names of the companies, but among state-run firms mentioned in the audit by the Financial and Development Supervisory Agency (BPKP) were PT Inhutani and PT Perkebunan Nusantara operating in forestry and plantation sectors, agribusiness PT Rajawali Nusantara Indonesia and airport operator PT Angkasa Pura I.
Citing the BPKP report, Erick said the state has lost more than Rp 300 billion (US$19.1 million), noting that the potential state losses might increase later as an inquiry by the AGO’s junior attorney for special crimes (Jampidsus) is just getting underway.
Erick started last year the program to clean up SOEs as part of institutional reform, in collaboration with the AGO, the Corruption Eradication Commision (KPK), the National Police, the Indonesian Military (TNI) and the Financial Services Authority (OJK).
Although only four state-run companies have been disclosed to the public, a team from the SOEs Ministry found that 34 out of 48 pension funds managed by state-owned companies were indicated as being in an “unhealthy” financial condition, according to Erick.
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Attorney General Sanitiar Burhanuddin said that his office would dig deeper into the alleged pension fund mismanagement.
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