Sarana Pembangunan Riau and Kingswood Capital Dispute in Langgak Block

The partnership between Riau regional company and Kingswood Capital Ltd resulted in criminal charges, with two top executives now facing allegations of embezzlement.

Fajar Pebrianto

September 30, 2024

SEVERAL days after his appointment as acting Governor of Riau on February 29, Sofyan Franyata Hariyanto promptly reached out to the Finance and Development Supervisory Agency (BPKP) Representative in Riau. In his correspondence, Hariyanto requested a copy of the investigative audit previously conducted by the BPKP concerning the activities of the regional government-owned company, Sarana Pembangunan Riau (SPR), in the Langgak Oil and Gas Blo

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