The problems that PT Waskita Karya (Persero) Tbk (WSKT) must face will not end anytime soon. The company failed to fulfill its obligation and is now on the brink of delisting from the IDX. Entering December 2023, two new PKPU lawsuits were filed against the company, one of which was the latest lawsuit from Bukaka Teknik Utama (BUKK), a company controlled by the family of Jusuf Kalla (former vice president, main supporter of Anies Baswedan—president candidate from Nasdem, PKS, and PKB). We’ve been following the dispute for a while now until Jusuf Kalla, familiarly addressed as JK, recently claimed that a State-owned company has Rp300 billion of debts to his company. In addition to the debt dispute, we also know BUKK director Sofiah Balfas, was named as a suspect in a case of alleged corruption related to Waskita Karya.To subscribe please click here
