Mitra Keluarga Fined by KPPU

In 2019, PT Mitra Keluarga Karyasehat Tbk (MIKA) was involved in two corporate actions. First, Mitra Keluarga acquired shares owned by PT Bina Husada Gemilang (PT BHG). Second, through PT Rumah Kasih Indonesia (PT RKI), Mitra Keluarga also acquired a majority shares in PT Bakti Gemilang Anak Sejahtera (PT BGAS). The two large corporate actions should have been reported directly to the Business Competition Supervisory Commission (KPPU), but the notification in question were only given two years later, in 2021. Last week, KPPU decided that Mitra Keluarga and PT RKI violated the provisions of the Law and were sentenced to pay fine of Rp1 billion each.