The Ministry Of SOEs Supports The Settlement Of The Legal Process Of The Liquid Steel Manufacturing Case

Illustration. (Photo: Antara Doc)

JAKARTA - The Ministry of State-Owned Enterprises (BUMN) supports the completion of the legal process of corruption cases in the construction project of the Liquid Steel (Blast Furnace) Factory by PT Krakatau Steel in 2011 which is handled by the Attorney General's Office.

SOE Minister Erick Thohir appreciated the AGO's swift and decisive steps in responding to the case.

Erick said that the synergy between SOEs and the Attorney General's Office as well as all legal apparatus is part of improving corporate governance.

"This is not just a legal action, but an integral part of improving the governance of SOEs, which is getting better," said Erick, in a written statement, Monday, July 18.

According to Erick, the synergy between SOEs and the Attorney General's Office in the Liquid Steel Manufacturing case proves the commitment to the total restructuring of Krakatau Steel.

"This is a good momentum to further improve performance along with the better performance of PT Krakatau Steel," he said.

Professional legal action from the Attorney General's Office will encourage the creation of a healthy business ecosystem. This is especially for investors who want to invest.

"So there is no need to worry for anyone who will run his business. There is a guarantee that the business will take place fairly and transparently as well as in legal certainty because it has been proven how professional our Attorney General's Office is," he said.

In addition, Erick hopes that all processes will run smoothly and will not interfere with Krakatau Steel's activities.

"Hopefully this case can be resolved quickly so that Krakatau Steel can refocus on continuing to improve its positive performance, contributing to the progress of Indonesia," he explained.

Meanwhile, the President Director of Krakatau Steel, Silmy Karim, stated that he respects the legal process at the Attorney General's Office.

"We entrust this case to be handled properly and support the ongoing legal process at the Attorney General's Office," said Silmy.

Furthermore, Silmy emphasized that the company's business activities will continue to run smoothly and will not be disturbed by this legal process.

"We hope that this legal process will have a positive impact on the future of Krakatau Steel," he said.