TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

KPPU fines Gojek Rp 3.3 billion for late acquisition report

  • Eisya A. Eloksari

    Jakarta

PREMIUM
Jakarta   /   Thu, April 1 2021   /  01:00 am
Green helmet with Go-Jek logo.(Shutterstock.com/findracadabra )

The Business Competition Supervisory Commission (KPPU) slapped Southeast Asia's second largest ride-hailing company Gojek with a Rp 3.3 billion (US$228,639) fine on March 25, for failing to file a business acquisition report on time. KPPU spokesperson Deswin Nur said in a press statement that PT Aplikasi Karya Anak Bangsa (Gojek) had submitted an overdue notice on Feb. 22, 2019 regarding its business acquisition report for online booking company Loket.com, which it had bought in 2017. “[The fine] has to be paid to the state 30 days at the latest from the date that the KPPU’s ruling becomes final and binding,” Deswin said in the statement. The KPPU noted that Gojek completed the legal acquisition of PT Global Loket Sejahtera (Loket.com) on Aug. 9, 2017. Under the existing regulations, Gojek was obligated to submit its business acquisition report within 30 da...