Pertamina's appeal trial delayed

Pertamina's appeal trial delayed

JAKARTA: The Central Jakarta District Court postponed on
Wednesday the first hearing of an appeal filed by state oil
company Pertamina against penalties imposed by the Business
Competition Supervisory Commission (KPPU) on the firm for
violations in its super tanker sales.

Presiding judge Agus Subroto said the hearing was rescheduled
for April 11 to enable the KKPU to present the files of its
investigation into Pertamina's alleged violation of fair business
competition in the sale of two of its tankers worth US$184
million last year.

The KPPU said the sales had inflicted $50 million in losses on
the state as the market price of each very large crude carrier
was quoted at between $120 million and $150 million.

Pertamina lawyer Amir Syamsuddin insisted on Wednesday there
was no business discrimination, collusion or direct appointment
in the sale. -- JP