Govt considers sanctions for companies suspected of trade misinvoicing
Jakarta, May 26 -- Finance Minister Purbaya Yudhi Sadewa is considering imposing sanctions against 10 companies suspected of committing trade misinvoicing.
"We will see what the best (sanctions) are. But we will not close those companies. They must pay their dues as determined later after the investigation," Purbaya said here on Tuesday.
An initial investigation to uncover these export-import manipulations is being carried out by the Finance Ministry, along with the Financial and Development Supervisory Agency (BPKP) and the Attorney General's Office.
So far, the government has investigated 20 companies-with a primary focus on 10 large companies, all operating in the crude palm oil (CPO) industry.
Purbaya said the modus operandi of th...
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