The Coordinating Minister for Maritime & Investment Affairs General (ret) Luhut Binsar Pandjaitan stated that the appointment of the CEO of the newly established Indonesian Investment Authority (LPI) or the Indonesia Sovereign Wealth Fund Agency (SWF) had undergone a tight process of selection and interview. But anyone can see the lack of transparency in the selection of SWF’s key persons. The Government did not publish the list of 30 potential candidates for SWF CEO to get inputs and feedback from the public. Some of the names in the list may have conflict of interests if appointed.
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