The AGO on the Sale of Confiscated Assets

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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