{
    "success": true,
    "data": {
        "id": 1607305,
        "msgid": "prabowo-questions-regulation-exempting-state-owned-enterprise-subsidiaries-from-audit-1773294899",
        "date": "2026-03-11 22:32:44",
        "title": "Prabowo Questions Regulation Exempting State-Owned Enterprise Subsidiaries from Audit",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Regulation",
        "summary": "President Prabowo Subianto has expressed puzzlement over regulations that prevent state audit of subsidiaries and sub-subsidiaries of state-owned enterprises (SOEs), while parent companies are required to undergo state audits. Citing Pertamina's extensive network of approximately 200 subsidiary and sub-subsidiary companies, Prabowo warned that such exemptions create opportunities for financial irregularities and highlighted the importance of the newly established Investment Management Agency (BPI) Danantara in managing state-owned entities according to international standards.",
        "content": "<p>JAKARTA \u2013 President Prabowo Subianto has expressed bewilderment at\nthe existence of regulations prohibiting state audit of subsidiaries and\nsub-subsidiaries of state-owned enterprises (SOEs). According to him,\nsuch regulations appear inconsistent, particularly given that parent\nSOEs themselves are subject to mandatory state audits.<\/p>\n<p>\u201cIt is peculiar that there are regulations which are even stranger\nstill. If SOEs can be audited by the state, then according to these\nregulations, sub-subsidiaries cannot be audited. Where does this\nregulation come from?\u201d Prabowo said whilst addressing the first\nanniversary commemoration of Danantara Indonesia in Central Jakarta on\nWednesday, 11 March 2026.<\/p>\n<p>He assessed that such regulations potentially create loopholes for\nirregularities, particularly given that a single SOE can now possess\nhundreds of subsidiary companies. Prabowo stated he was surprised to\nlearn that Pertamina has approximately 200 subsidiary and sub-subsidiary\ncompanies.<\/p>\n<p>\u201cI was astonished to discover that Pertamina has 200 subsidiary and\nsub-subsidiary companies,\u201d he added.<\/p>\n<p>For this reason, Prabowo expressed gratitude that Indonesia now\npossesses the Investment Management Agency (BPI) Danantara, which is\ntasked with managing SOEs and state-owned companies according to\ninternational standards. This institution is said to be comparable to\nthe sovereign wealth funds (SWF) held by various countries.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-questions-regulation-exempting-state-owned-enterprise-subsidiaries-from-audit-1773294899",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}