Auction Results From Jiwasraya Case Assets And Capai Palm Oil Factory IDR 4 Trillion

Jiwasraya illustration (Photo: dock. Antara)

The Directorate General of State Assets (DJKN) of the Ministry of Finance explained that the largest auction value in 2023 came from an auction with PT Gunung Bara Utama's share assets and garden assets and palm oil factories in Pekanbaru Capai of IDR 4 trillion.

Director of Auction DJKN Joko Prihanto conveyed that the auction of shares of PT Gunung Bara Utama, which was part of the PT Asuransi Jiwasraya case conducted by the Attorney General's Office, reached Rp1.9 trillion.

"If you ask what is the big auction in 2023, first, in the context of law enforcement from the Attorney General's Office, there is a Jiwasraya case, namely the confiscation of coal mining shares in East Kalimantan, amounting to Rp 1.9 trillion. That's a request from the Attorney General's Office," he said, in the DJKN Media Briefing Thursday, January 25, 2024.

Joko Prihanto added that another largest auction was from the assets of a plantation and palm oil factory in Pekanbaru, Riau, which was auctioned on December 27, 2023, amounting to IDR 1.9 trillion.

"So, three days before 2023 ended, there was an auction of the rights to oil palm plantations in Sumatra amounting to Rp1.9 trillion, from these 2 auctions there was quite a large contribution of approximately Rp4 trillion," he explained.

According to Joko Prihanto, the two auctions contributed greatly to the auction receipts in 2023. Meanwhile, the assets auctioned in the form of property and factories reached IDR 200 billion to IDR 500 billion.

However, Joko Prihanto said there was a slight decline in the auction, but the company's financial condition in the country was getting healthier.

Auctions that have decreased somewhat in 2023 are only IDR 1.8 trillion in bankruptcy. You see, in 2022, from bankruptcy there will be IDR 2 trillion. Hopefully, not many companies will go bankrupt," he said.

Throughout 2023, DJKN has managed to record auction transactions of IDR 44.34 trillion. This value increased by 20.54 percent compared to 2022 which amounted to IDR 35.39 trillion.