Waskita’s shares dropped 6.09 percent after the CEO became a corruption suspect

Jakarta, Armfalcon.com —

Share PT Waskita Karya (Persero) Tbk or WSKT fell 14 points or minus 6.09 percent in trading Tuesday (2/5) at 13.41 WIB.

This decrease occurred after the Attorney General’s Office (Kejagung) named WSKT’s Main Director Destiawan Soewardjono alias DES as a suspect in the alleged corruption case of irregularities in financing facilities from several banks carried out by the company and PT Waskita Beton Precast some time ago.

Quoting RTI Infokom, WSKT shares fell to a position of IDR 216 per share. At the beginning of the opening of the stock exchange, the issuer’s shares in the construction, industrial, real estate and trade services sector were at the level of 230.

Meanwhile, the transaction value of WSKT shares reached IDR 5.83 billion, with a transaction volume of 27.02 billion shares.

Then, the total frequency of stock trading reached 2,429 times. Meanwhile, market capitalization (market cap) WSKT shares touched IDR 6.22 trillion.

Destiawan himself has now been detained at the Salemba Detention Center at the Attorney General’s branch for the next 20 days or until May 17.

In this case, DES is alleged to have violated the law by ordering and approving the disbursement of Supply Chain Financing (SCF) funds using forged documents.

The document was then used to pay off the company’s debts resulting from the disbursement of payments for fictitious work projects.

DES is charged with Article 2 paragraph (1) and Article 3 jo. Article 18 of RI Law Number 31 of 1999 as amended and supplemented by RI Law Number 20 of 2001 concerning Amendments to RI Law Number 31 of 1999 concerning Eradication of Corruption Crime jo. Article 55 paragraph (1) 1st of the Criminal Code.

WSKT stated that it would respect the legal process carried out by the AGO.

“In relation to the legal case that is being undertaken, the company’s management respects all investigation processes that are being carried out and is committed to being cooperative and submitting all legal processes to the authorities,” wrote Waskita Karya’s official statement received Armfalcon.com.comlast Saturday (29/4).

WSKT emphasized that the legal case that dragged the president did not have a significant impact on the company’s activities, both operationally and financially. The company emphasized that it will continue to carry out all programs and strategies according to the target.

“In carrying out its business processes, Waskita Karya is always guided by the principles of good corporate governance (GCG) and Waskita continues to be committed so that business processes are carried out in accordance with the principles of professionalism and high integrity,” the company concluded.

[Gambas:Video CNN]

(mrh/pta)

[Gambas:Video CNN]