PT Telkom Indonesia (Persero) Tbk. (TLKM) has clarified that the legal case involving its commissioner, Isa Rachmatarwata, will not impact the company’s operations. Isa was named a suspect by Indonesia’s Attorney General’s Office on February 7, 2025, in connection with an alleged corruption case related to PT Asuransi Jiwasraya’s financial management and investment funds from 2008 to 2018.

In an official disclosure to the Indonesia Stock Exchange (BEI) (10/2/2025), Telkom’s management emphasized that the case is unrelated to Isa’s role as a commissioner at the company. Instead, it is linked to his past position as Head of the Insurance Bureau at the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) between 2006 and 2012.

Telkom assured stakeholders that the company remains committed to good corporate governance and transparency. “The company will continue to provide accurate and transparent information to all stakeholders in accordance with legal regulations and case developments,” the company stated.

Furthermore, Telkom confirmed that the oversight function of its Board of Commissioners remains unaffected. The company will closely monitor the case while respecting the ongoing legal process.

The Jiwasraya case is one of Indonesia’s largest financial scandals, involving allegations of mismanagement over a decade. Isa Rachmatarwata, now a Telkom commissioner, played a key regulatory role in the insurance sector during his tenure at Bapepam-LK.

Despite the ongoing legal proceedings, Telkom reaffirmed its focus on maintaining business stability and investor confidence. The company assured that its operations would continue as usual, unaffected by the situation.

SOURCE: CNBC INDONESIA | PHOTO: KOMPAS/SHELA OKTAVIA

This article was created with AI assistance.