Ensuring Good Corporate Governance, Pertamina Collaborates with Law Enforcement Agencies to Oversees Business & Projects

Jakarta, January 18, 2021 - Pertamina continues to strengthen its commitment to maintaining compliance and implementing Good Corporate Governance (GCG). Pertamina's seriousness can be seen from its proactive efforts to increase legal institutions' involvement in business processes and company projects.

Senior Vice President of Corporate Communications & Investor Relations of Pertamina, Agus Suprijanto, said that throughout 2020, strategic cooperation had been carried out with law enforcement agencies. It includes the Indonesian Police, the Financial Transaction Reports and Analysis Center (PPATK), the Financial and Development Supervisory Agency (BPKP), the Indonesian Attorney General's Office, and the Corruption Eradication Commission (KPK).

"As a state-owned enterprise, Pertamina always prioritizes the principles of transparency, accountability, responsibility, and fairness in the management of the company. It is to maintain and increase the continuity of a healthy and competitive business in the long term and increase trust and service, as is done by world-class energy companies," said Agus.

With PPATK, continued Agus, cooperation is carried out by exchanging data for investigations of the prevention and eradication of money laundering or other crimes.

Apart from PPATK, Pertamina also continues to collaborate with BPKP to conduct company audits.

Meanwhile, the cooperation with the National Police institution, added Agus, is carried out, among others, to supervise and assist the procurement process for strategic projects such as the construction, development, and operation of oil and petrochemical refineries.

Pertamina continued Agus, also synergized with the KPK. Because of the support of the KPK, Pertamina managed to save potential state losses on assets worth IDR 9.5 trillion located in South Sumatra and West Kalimantan. Now, these assets are optimized and empowered to increase local revenue (PAD) and absorb labor.

Agus added, Pertamina is also working with the Indonesian Attorney General's Office to monitor national strategic projects. Therefore, they run according to legal corridors.

At the signing of the MOU some time ago, Indonesian Attorney General, ST Burhanudin, said that the High Prosecutors' Office in all of Indonesia is ready to assist in legal assistance.

"The Prosecutor's Office hopes that this signing can be implemented well and hopes that Pertamina's relationship with the Indonesian Prosecutor's Office can run well, support each other, especially in safeguarding national strategic projects," he concluded.**