Jamsostek clarifies

Jamsostek clarifies

In response to the letter from Ham Hus of Bandar Lampung, published in The Jakarta Post, of June 2, 2003 titled Corruption case at PT Jamsostek, we would like to clarify as follows:

* While thanking Ham Hus for his attention to PT Jamsostek, we regret that his statement about graft involving Rp 23 billion is not correct. It would be wiser if Hum did not judge other people.

* As for the settlement of the case involving the land on Jl. Jend. Gatot Subroto Jakarta, where the Jamsostek Tower building now stands, we have opted for the legal course at the South Jakarta District Court and have paid Rp 18.5 billion for an amicable settlement under the following considerations:

- Payment is made with the approval of the company's supervisory board.

- Approval has also been given by the shareholders/Minister for State-Owned Enterprises.

- If an amicable settlement had not been sought, there would be a demand to pay a higher amount (Rp 182.7 billion) or a possibility that the building and the land would be lost. - A protracted court case would take a long time (two years or more, which would mean a loss of Rp 124 billion as two years' rent). - If a legal dispute continued, there would be no prospective tenants as every tenant would require a statement that the place

is not being disputed. * A statement indicating corruption by the board of directors of PT Jamsostek is therefore not correct.

* If Ham Hus is interested to see the evidence of what we have explained above, the management of PT Jamsostek will be very happy to be of assistance.

H. D. SUYONO, Head of Public Relations Bureau, PT Jamsostek, Jakarta