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Stock impact report

Indonesia arrests executives of palm firms in bribery probe [Reuters]

GOLDEN AGRI-RES UNSP/ADR (GARPY) 
NASDAQ:AMEX Investor Relations: goldenagri.com.sg/investors
Company Research Source: Reuters
Indonesia arrests executives of palm firms in bribery probe | Reuters 3 Min Read JAKARTA, Oct 28 (Reuters) - Indonesia’s anti-graft agency has arrested seven people, including a senior executive of palm firm Sinar Mas Agro Resources and Technology, in connection with a bribery case, an official at the agency said on Sunday. The Corruption Eradication Commission, known as KPK, named vice president director of Sinar Mas Agro, Edy Saputra Suradja, chief executive of PT Binasawit Abadi Pratama, Willy Agung Adipradhana, and some members of Central Kalimantan parliament as suspects in the case, KPK Deputy chief Saut Situmorang told Reuters. Both Sinar Mas Agro and Binasawit are subsidiaries of Singapore-listed palm oil giant Golden Agri-Resources Ltd . The people are accused of bribing parliamentarians to avoid an investigation into Binasawit’s plantation permits and palm processing waste near Sembuluh lake in the Borneo island, Situmorang said. Golden Agri, in a statement following the arr Show less Read more
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