Revisiting Pertamina and the Pertamina Hulu Energi Case

The Attorney General’s Office (AGO) officially detained one Reinerius Bayu Kristanto, the former manager of Merger and Acquisition section at the Upstream Directorate of PT Pertamina (Persero), on August 8, 2018. Bayu was the first suspect named by the AGO in the investigation into the case of alleged irregularities in the purchase of shares of Australia-based ROC Oil Company Limited (ASX : ROC – delisted). Bayu insisted that he is only Karen Agustiawan’s scapegoat. He demanded the AGO to examine Karen as well. This case only adds to the problems surrounding Pertamina.

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