Towards the end of 2021, in a Meeting with the House Commission VI of the House of Representatives, Minister of State-Owned Enterprises (BUMN) Erick Thohir conveyed the reasons why PT Krakatau Steel (Persero) Tbk could go bankrupt. One of which was allegations of corruption in the company. This statement is by no means surprising, because for years we have wondered why the condition of the only BUMN in its field has not improved despite receiving so much help from the State Budget. The Corruption Eradication Commission (KPK) has been investigating, specifically following the sting operation three years ago. Several parties have been convicted. Then a new round of investigation started, lead by the Attorney General’s Office (AGO). Four months later, earlier this week, the AGO announced they had named five suspects in the case To subscribe please click here
