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The Attorney General’s Office Explanation on the Alleged Undervalued Sale of Confiscated Assets

Monday, May 27, 2024

The Attorney General’s Office claims the tender process of coal mining company Gunung Bara Utama complied with the regulations.

arsip tempo : 172126943717.

Ketut Sumedana, Chief of the Legal Information Center of the Attorney General’s Office, gives a press statement at the AGO building, Jakarta, Thursday, January 18. TEMPO/Hilman Fathurrahman W . tempo : 172126943717.

ALTHOUGH it was concluded on June 8, 2023, news about the auction process of the shares of coal mining company Gunung Bara Utama (GBU) is resurfacing these days. Some suspect that the final auction price of GBU at Rp1.94 trillion (about US$129.1 million) is too low compared to its business value. Indobara Utama Mandiri, the winning bidder, is considered to lack experience in the mining industry. The Attorney General’s Office (AGO) is a

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