Telkom’s financial statement under scrutiny amid fraud claims
The Indonesia Stock Exchange (IDX) has conducted investigations over the fraud allegation and held a meeting with the company’s management on April 8.
The Indonesia Stock Exchange (IDX) has investigated allegations of financial statement fraud at state-owned telco firm PT Telekomunikasi Indonesia (Telkom) and held a meeting with the company's management on April 8. The United States Securities and Exchange Commission (SEC) has summoned Telkom's management over the same allegations, dating back to the 2014-2021 period.
Telkom president director Dian Siswarini and financial director Arthur Angelo Syailendra traveled to the US in mid-July, as confirmed by Siswarini's Instagram post on July 15. The SEC has requested information related to Telkom's past financial statements, which reportedly contain over 100 names suspected of fraud. As a result, some of Telkom's subsidiaries, including satellite services subsidiary PT Telkom Satelit Indonesia (Telkomsat), are required to conduct restatements.
Telkom has not yet issued a statement on the matter, with Telkom spokesperson Edie Kurniawan stating that all material information has been published through official channels and disclosed to the Financial Services Authority (OJK). The IDX has also conducted separate investigations and is continuing to monitor information disclosure of publicly listed companies, including Telkom.
IDX assessment director Saidu Solihin stated that the stock market would remain vigilant in this regard.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
