Cracks from Uncollected Debts

THE management of Wijaya Karya (IDX: WIKA) went back and forth to the Indonesia Stock Exchange (IDX) to submit the following disclosure of negative reports about their company’s finances. Between May 26 and June 6, WIKA Corporate Secretary Mahendra Vijaya sent six responses to the IDX. The last one was an answer to the capital market authority’s request for an explanation of suspicions that WIKA had manipulated its financial reports.

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