THE MINISTRY of State-Owned Enterprises (SOEs) reported the financial case that hit state-owned airline PT Garuda Indonesia to the Attorney General’s Office.

According to the Minister of State-Owned Enterprises, Erick Thohir told to reporters at the Attorney General’s Office, Jakarta, Tuesday (1/11), said that we provided evidence of an investigative audit, so it was not an accusation.

In the report, Erick conveyed the government’s plan to restructure to save Garuda Indonesia as well as provide evidence regarding the purchase of ATR 72-600 aircraft.

Since the last two years, Garuda has been hit by a financial storm due to past mismanagement which has caused the company’s debt to swell to more than IDR140 trillion. The Ministry of SOEs then took steps to restructure the airline to save Garuda Indonesia.

Erick emphasized that the Ministry of SOEs will focus on transforming so that Garuda can be more accountable, professional, and transparent. This is not just arresting or punishing existing individuals, but overall administrative improvements.

Meanwhile, Attorney General Sanitiar Burhanuddin expressed his support for the efforts of the Minister of SOEs, Erick Thohir, who wanted to clean up various state-owned companies from indications of violating the law, especially Garuda Indonesia.

“We are synchronizing the data and we hope that not only for the Garuda case, but we will also encourage (development) of other cases in State-Owned Enterprises (BUMN),” said Burhanuddin.

Currently, there are more than 470 creditors who have submitted claims to Garuda Indonesia with a deadline of January 5, 2022. They have filed claims for debt collection of up to US$13.8 billion or equivalent to IDR198 trillion. The nominal is data from the Garuda Indonesia Debt Payment Obligation (PKPU) management team.

After the verification stage is complete, the PKPU team will decide on a valid nominal that can be included in the restructuring process on January 19, 2022.

Garuda management submitted a proposal to reduce its liabilities by more than 60% through the restructuring process by reducing its liabilities from US$9.8 billion to US$3.7 billion. The proposed proposal aims to make the company survive the COVID-19 pandemic which has lasted for two years.

Previously, former Garuda Indonesia Commissioner Peter Ghonta had previously disclosed various problems within the company with the stock code GIAA in October 2021.

He opened up about issues related to groups in power, the difference in the price of the Boeing 777-300ER aircraft rental to the purchase of the CRJ1000 aircraft.

Peter admitted that he had reported the problems that hit the Garuda airline to a number of institutions ranging from the Director General of the Ministry of Law and Human Rights to the Chairman of the Corruption Eradication Commission (KPK). [antaranews]