Weekly Business

State Loses Millions

THE Business Competition Supervisory Commission (KPPU) has revealed that Pertamina, GoldmanSachs and Frontline Ltd. colluded in a tender for the sale of two supertankers of Pertamina. In the tender that took place in July last year, GoldmanSachs was the seller’s consultant and Frontline was awarded. In its decision announced on Thursday, the KPPU concluded that the collusion had caused the loss of state income worth a

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