JAKARTA. The Ministry of State-Owned Enterprises (BUMN) will coordinate with the Attorney General’s Office and Indonesia’s Corruption Eradication Commission (lit. Komisi Pemberantasan Korupsi/KPK) to legally process at least 65% of pension fund managements in BUMN that are allegedly involved with corruption.

Erick Thohir, the Minister of BUMN, revealed that his party will be pushing for audits of investments of BUMN pension funds after receiving hints that 65% of BUMN pension funds are dubious, while another 35% are healthy. “We must look into it as the percentage is quite large,” he said in the official release of BUMN Ministry yesterday (23/1).

Thohir claimed that he will be firm and not tolerate any actions that jeopardise BUMN’s finance. Since day one, one of his commitments include restoring BUMN’s condition and enhancing its transparency and professionalism.

According to Thohir, Jiwasraya case is the one that leads to other cases of suspicious pension fund managements in BUMN, including ones found in Garuda Indonesia and Waskita Beton. Thohir believes that cases in both state-owned enterprises have brought negative impacts on their financial states.

BUMN has reportedly struggled with losses since long; even 70% of BUMN are at loss. It was what drove Thohir to narrow the number of BUMN from 108 to 41 companies. (AM/ZH)