Satriyo's Troubled Subsidiary
Irregularities in spending by a subsidiary of Semen Gresik has delayed the work of its auditors and resulted in its failure to submit its financial reports to Bapepam.
April 8, 2003
Satriyo's breathing was suddenly intense, not because he was infected by the dreaded SARS virus. Rather, the President Director of Semen Gresik had just received a letter from his auditors stating that they are unable to complete their task by March 31, the deadline for Semen Gresik to submit its 2002 financial reports to the Capital Market Supervisory Agency (Bapepam).
Semen Gresik had appointed certified public accountants Hans Tuanakot
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