JAKARTA - PT Waskita Beton Precast Tbk (WSBP) will respect the ongoing legal process related to the handling of cases of alleged criminal acts of corruption, irregularities and/or misappropriation of the use of company funds by the Attorney General's Office.
WSBP Corporate Secretary Fandy Dewanto said WSBP management is committed to cooperating with the AGO to support law enforcement.
"WSBP management is committed to being cooperative with the AGO for law enforcement and improving corporate governance," he said in a written statement quoted by Antara, Thursday, June 2.
The Attorney General's Office has raised the status of the handling of cases of alleged corruption in the use of funds by PT Waskita Beton Precast Tbk (WSBP) in the 2016-2020 period from an investigation to an investigation.
However, so far, the Attorney General's Office has not named a suspect. In this case, based on preliminary calculations by the Investigating Prosecutor's Team, it resulted in state financial losses of approximately IDR 1.2 trillion.
According to Fandy, the current management has made a number of improvements so that the subsidiary of PT Waskita Karya Tbk will be better in the future.
One of the main programs is the improvement of corporate governance which has been shown by increasing the score of the implementation of Good Corporate Governance (GCG), obtaining ISO 37001 certification on anti-bribery, implementing the Whistle Blowing System, implementing IT in financial reporting and other business processes, to internalizing the culture of AKHLAK. BUMN.
"In addition, the current management focus is to complete the financial restructuring in the PKPU line and restore the financial condition of WSBP to be healthier," said Fandy.
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