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Jakarta Post

Solid evidence of graft in KPC divestment: AGO

  • The Jakarta Post

Jakarta   /   Tue, April 13 2010   /  10:36 am

The Attorney General’s Office (AGO) on Monday confirmed it had found enough evidence to substantiate graft allegations linked to the divestment of shares in PT Kaltim Prima Coal to PT Kutai Timur Energi (KTE).AGO investigations director Arminsyah said suspects had been named in the case, including officials from KTE, which is entirely owned by East Kutai regency.Previously deputy attorney general for special crimes Marwan Effendy said the transfer of shares
to KTE was carried without approval from the regional legislative council.Sangatta Holdings Ltd., as demanded by a working contract with the government, had to divest a 20 percent stake in KPC to the central government, 12 percent to East Kalimantan administration and 18.6 percent to the East Kutai regency. All divestment processes were supposed to have been completed by 2003.The transfer of shares to KTE was carried out in June...