Looking Forward to Poverty
The Pertamina Pension Fund has reportedly lost Rp1 trillion in misplaced investments with companies belonging to the likes of Bob Hasan and Eka Tjipta.
July 2, 2002
THE Jamsostek case has yet to be unraveled, when a new investment scandal hits the headlines. This time it's a pension fund managing money belonging to 27,000 retirees of state-owned oil company Pertamina. Members of the DPR have demanded an investigation into the financial scam. The scandal broke into the open with a report by the Supreme Audit Agency (BPK), of huge losses incurred by the Pertamina Pension Fund (DPP) during the two years up t
...