Waskita Karya’s Debt Crisis Gets Worse
Waskita Karya is facing lawsuits and a pile of bills due to project debts. There are a number of options to keep businesses afloat.
Khairul Anam
December 4, 2023
STATE-owned construction company Waskita Karya (IDX: WSKT) had a narrow escape from the lawsuits filed by vendors who billed them. On Friday, December 1, the Commercial Court of the Central Jakarta District Court rejected the lawsuit for a debt payment postponement (PKPU) filed by Bukaka Teknik Utama, a company owned by former vice president Jusuf Kalla.
Bukaka sued Waskita Karya because the latter had not paid the construction costs of the
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