Key insights and market outlook
Danantara has issued a statement regarding the corruption allegations against Irwan Perangin Angin, former Director of PTPN II (2020-2023). The state investment manager supports legal proceedings and emphasizes its commitment to transparent and professional governance. Danantara condemns any legal violations and will follow up on the case according to legal regulations and internal policies.
Irwan Perangin Angin, who served as Director of PTPN II from 2020 to 2023, has been named a suspect by the North Sumatra High Prosecutor's Office (Kejati Sumut) in a corruption investigation related to the operational cooperation (KSO) management of assets in North Sumatra. The case highlights potential misconduct in state-owned enterprise management.
As the state investment manager overseeing PTPN Group, Danantara has released an official statement regarding the allegations. Rohan Hafas, Managing Director of Stakeholder Management and Communications at Danantara, emphasized the company's commitment to clean, transparent, and professional governance. The statement underscores Danantara's zero-tolerance policy towards legal violations, including abuse of authority and actions detrimental to the state.
This case brings attention to the governance of state-owned enterprises (SOEs) in Indonesia, particularly those under the management of Danantara. The response from Danantara demonstrates the increasing scrutiny on SOE operations and the importance of maintaining public trust through transparent governance practices.
The allegations against the former PTPN II director and Danantara's subsequent response highlight the ongoing efforts to maintain integrity in Indonesia's state investment management. As legal proceedings continue, the case will likely have implications for governance practices across Indonesia's SOE sector.
Korupsi PTPN II
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