The Revision Of The BUMN Law Is Considered By The KPK To Provide Legal Certainty And Expertity In Investigating Corruption Cases

JAKARTA - The Corruption Eradication Commission (KPK) said that the revision of the BUMN Law that had been ratified provided legal certainty in handling allegations of corruption at state-owned companies.

This was conveyed by KPK spokesman Budi Prasetyo when asked about the abolition of the provisions of members of the board of directors, board of commissioners, and the supervisory board of SOEs, not state administrators from the regulation which was passed on Thursday, October 2.

"So the law reaffirms the freedom and legal certainty for the KPK in eradicating corruption in the BUMN sector, both in the context of prosecution and prevention," Budi told reporters in a written statement, Friday, October 3.

"In the context of prosecution, where one of the limits to the authority of the KPK is related to the status of its PN. So that with this law it becomes clear," he continued.

Furthermore, Budi reminded members of the board of directors, board of commissioners, and supervisory board of SOEs to carry out their obligations in submitting reports of assets of state administrators (LHKPN).

"With the transparency of ownership of these assets, it is hoped that it can become one of the effective corruption prevention instruments," he said.

"In principle, these efforts to eradicate corruption are also to support SOEs in creating good corporate governance, with a more effective, efficient, and integrity business climate," said Budi.

The Indonesian House of Representatives previously ratified the Revision of Law (UU) concerning the fourth amendment to Law Number 19 of 2003 concerning State-Owned Enterprises (BUMN). The ratification was carried out in the 6th DPR plenary meeting chaired by the Deputy Speaker of the Indonesian House of Representatives, Sumi Dasco Ahmad.

Here are some points of regulation in the Draft Law on the Fourth Amendment to the BUMN Law:

1. The organization related to institutions that carry out government duties in the BUMN field with a nomenclature of the BUMN regulatory body which is subsequently called BP BUMN;2. The affirmation of the share ownership of series A iswarning 1 percent by the state on the BP BUMN body;3. Monitoring of the composition of shares on the Investment Holding Holding Company and the Operational Parenting Company on the investment management agency Danantara;4. The arrangement related to the prohibition of concurrent positions for the Minister and Deputy Minister at the Board of Commissioners and Supervisory Board of SOEs is a follow-up to the decision of the Constitutional Court;5. The abolition of the provisions of members of the Board of Commissioners and Supervisory Board of SOEs at is not an administration of the state;6. The arrangement of the positions of the Board of Commissioners on the Optional Holding Investment Holding is filled by professionals;7. The arrangement of the financial examination authority of BUMN by the financial examining body in various improvements the transparency and accountability of the BUMN financial management; 8. The addition of the BP BUMN's authority in optimizing the role of BUMN; 9. The affirmation of gender equality in BUMN employees who occupy the Position of Directors of Commissioners and Positions of Menjeral in BUMN;10. Taxation of transactions involving the Handling of Investment Operational Holding Agency or third parties regulated in government regulations;11. BP BUMN's control over BUMN's established as fiscal tools; and 12. Regulation of the employment status transfer mechanism from the Ministry of BUMN to BP BUMN. As well as other substantial arrangements.