Indosat's director sacked

Indosat's director sacked

JAKARTA (JP): PT Indosat's finance director, Herman
Simanjuntak, has been dismissed due to an alleged irregularity in
the payment of the company's dividend to the government.

Sofyan Djalil, a senior assistant of the state minister for
the empowerment of state enterprises, said on Thursday that
Herman was dismissed after an irregularity was found in the
handling of the government's dividend.

According to the audit report made by independent accountant
Prasetyo Utomo & Co, Herman deviated about Rp 22.5 billion in
interest gains from the government's dividends.

Sofyan said that Indosat kept the government's dividends worth
Rp 112 billion due to a "problem" in the transfer of the funds to
the state treasury.

The interest gains of the funds were, however, transferred to
the former finance director's account.

Sofyan said the dismissal will be effective on Sept. 15 and
Herman's duties would be carried out by Indosat's directors for
commerce and business development. (cst)