Jakarta, June 12 -- PT Danantara Sumber Daya Indonesia was established to eliminate export fraud like transfer pricing, not to seize control of natural resource trade, Danantara COO Dony Oskaria clarified.

Speaking in Jakarta on Thursday, Oskaria emphasized that the agency was created to act as a regulatory safeguard, ensuring that Indonesia's strategic commodities are traded at fair and transparent market prices.

"That is our true goal. It is not to seize commodities from exporters or act as a middleman to resell them," he stated.

The government's decision to launch DSI stems from persistent field evidence of widespread corporate misconduct in the extraction sector, particularly transfer pricing and under-invoicing.

Transfer pricing ...