Sugar-Coated and Earth-Ensnared

The board of commissioners at RNI has uncovered suspected discrepancies in sugar import and land sale projects. Losses amount to some Rp28.5 billion.

August 26, 2005

A BUNDLE of documents landed on the table of the board of directors of PT Rajawali Nusantara Indonesia (RNI) during the annual general meeting of shareholders (AGM) on June 19 this year. This was sent by RNIs board of commissioners, whose members include Andung Nitimihardja, the non-active chief commissioner who is now the Minister of Industry.

The documents contained responses to the results of the 2004 performance and financial audit. According

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