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View all search resultsThe Attorney General’s Office (AGO) plans to announce in the next 10 weeks a list of suspects in a “gigantic” case implicating troubled state-owned insurer Asurasnsi Jiwasraya that could “potentially carry systemic risk” for the country’s financial industry, authorities say.
The Supreme Audit Agency (BPK) kicked off its annual inspection of six ministries’ 2019 financial reports on Monday, with a particular emphasis on that of the Public Works and Housing Ministry, the 2018 report of which had the most room for improvement.
Many surveys have found that a corrupt businessman-cum-politician is much greedier than a common civil servant who steals mostly for consumption. But politicians who own businesses never feel it is enough, as they do it to fill a ”bottomless-pit” of business financing needs.
The Supreme Audit Agency’s (BPK) findings that millions of hectares of oil palm estates in Sumatra and Kalimantan are currently managed under problematic permits will weaken Indonesia’s bid to defend the sustainability of the industry in the international market.
Supreme Audit Agency (BPK) commissioner Rizal Djalil said Tuesday a better mechanism in investment would help determine whether state losses at state-owned enterprises were purely a result of business risks or if laws were broken.
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