BPK Asks BP Jamsostek To Release Shares In Companies Such As Garuda And Conglomerate Issuer Anthony Salim Etc., So As Not To Lose

JAKARTA - The Supreme Audit Agency (BPK) has recommended BPJS Ketenagakerjaan (BP Jamsostek) to release share ownership and also mutual funds for a number of issuers listed on the Indonesia Stock Exchange, including shares of state-owned companies.

Meanwhile, the BPK recommendation aims to reduce potential losses on the shares purchased (cut loss) and encourage companies to take strategic steps in an effort to gain profit (take profit).

"To make a take profit or cut loss on shares that are not transacted, among others, shares of Salim Ivomas Pratama (SIMP), Krakatau Steel (KRAS), Garuda Indonesia (GIAA), Astra Agro Lestari (AALI), London Sumatra Indonesia (LSIP) , and Indo Tambangraya Megah (ITMG)," said BPK in the second semester 2020 inspection report as quoted on Friday, June 25.

Salim Ivomas and London Sumatra are companies owned by Indofood conglomerate boss Anthony Salim, while Garuda and Krakatau Steel are two state-owned companies whose shares are always in a trend that is not profitable for investors.

The state high institution also asked BP Jamsostek to reorganize the collection of mutual funds it currently controls. The suggestion is intended so as not to experience a total loss on the placement of investments made.

"Developing and implementing detailed unrealized loss recovery measures and not only relying on uncontrollable factors such as the JCI," said BPK.

In general, the BPK examination concluded that there were 20 findings with 45 issues with an estimated value of Rp13.58 billion.

Some of the problems that were highlighted included non-compliance with laws and regulations and problems regarding efficiency and effectiveness carried out by the company.

"BPJS has followed up on BPK's recommendation by making a deposit to the state or company treasury of Rp2.81 billion," said BPK.

In a previous report, BPK pinned an Unqualified Opinion (WTP) on the 2020 Central Government Financial Report (LKPP).

"The 2020 LKPP presented by the government does not have material errors, which can be an exception to the fair opinion given. Therefore, BPK has sufficient confidence that the 2020 LKPP is worthy of obtaining a WTP opinion," said Head of the Communication and Information Bureau of the Ministry of Finance Rahayu Puspasari earlier this week.