Malonda, KPMG not suspended

Malonda, KPMG not suspended

JAKARTA (JP): Public accounting firm Johan, Malonda & Partners
denied reports yesterday that the Capital Market Supervisory
Agency (Bapepam) had suspended its license to operate in the
capital market.

"What happened is that our activities in the capital market
were only limited temporarily. Thus, Johan, Malonda & Partners is
still open for business," the company said in a statement.

The company said that the limitation of its activities had
nothing to do with the revoked licenses of 10 securities and
investment companies as reported by The Jakarta Post on May 8.

Public accounting firm KPMG Hanadi Sudjendro and Partners also
had its activities temporarily limited, not suspended, the
statement said.

Both public accounting companies are operating as usual, the
statement said. (aly)