Arutmin Acquisition
Jamsostek Tripped by Bumi Resources
Tuesday, December 18, 2001
PT Bumi Resources failed to buy back the shares sold to Jamsostek last year. Billions of rupiah that Jamsostek should have pocketed just evaporated. Jamsostek is now suspected to be behind Bumi’s acquisition of Arutmin.
arsip tempo : 178045536011.
Jamsostek is certainly not a charity organization. How can it be? Its name alone is a clear indication: social security for employees. Twenty million workers would not want the money that they’ve entrusted into the institution to be managed haphazardly. However, what Jamsostek is presently doing might make it look like a charity organization.
With trillions of rupiah in its pocket, the state-owned insurance company for employees is droppin
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