PT Waskita Karya and PT Wijaya Karya Under Scrutiny for Allegedly Polished Financial Statements

Jakarta –

PT Waskita Karya (Persero) Tbk and PT Wijaya Karya (Persero) Tbk are under scrutiny for allegedly polishing their financial statements. The leaders of the two state-owned enterprises have been summoned by the stock exchange.

PT Indonesia Stock Exchange (IDX) Company Valuation Director I Gede Nyoman Yetna admitted that he had met the directors of the two BUMN works and had received an explanation.

“We’ve done it, we’ve done it hearing, we already did follow up with a request for an explanation. Of course we can’t open it here, because there are still a number of matters whose status is in our process of going to them. Once, we will convey it in written form,” he explained, when met at the IDX Building, South Jakarta, Wednesday (7/6/2023).

In addition, his party is also examining the company’s financial statements which are allegedly polished. However, because it is still in progress, he could not provide details.

“We can’t go into the substance, it’s still in process. once there’s information they need to convey it’s all in website we, what we do, what we emphasizing,” he added.

Then, when asked further whether the two BUMN Karya would be given sanctions, he also could not provide further explanation because the inspection had not been completed.

“It’s still in process, we obtained information by meeting directly with the board of directors, secondly we have sent an inquiry, let them get the opportunity to clarify and then of course we are not just calling the company concerned,” he said.

For information, the Deputy Minister of SOEs Kartika Wirjoatmodjo has just revealed that there are allegations that the financial statements of PT Waskita Karya (Persero) Tbk and PT Wijaya Karya (Persero) Tbk are polished and not in accordance with real conditions.

“Because indeed in some works such as Waskita, like WIKA, the financial reporting also does not match the real conditions. This means that it is reported as if it has been profitable for years, even though cashflowit’s never actually positive,” he explained, some time ago.

“There is indeed an issue in our financial reporting that we are currently investigating, in fact, has the financial reporting been real so far, is it necessary or not restatement,” he continued.

Tiko continued, if there was a criminal element in the financial statements, his party could prosecute the old management who reported the financial statements.

Watch the video: When the Deputy Minister of SOEs Opens Waskita-WIKA’s Financial Report, it doesn’t match reality

(eng/eng)