Bisnis.com, JAKARTA – Publish What You Pay (PWYP) urges the Corruption Eradication Commission (KPK) to oversee every process of PT Freeport Indonesia’s shares divestment plan.
PWYP Economic Researcher Wiko Saputra revealed that the KPK must oversee every process of the plan, such as share price quotes, divestment schemes, sources of funding to actors, and institutions involved in the process. It is known, PT Freeport has offered a 10.64% stake to the Indonesian government before the Contract of Work expires in 2021.
“Everything must be monitored if necessary tapping should be done immediately,” said Wiko in Jakarta, Tuesday (1/19/2016).
In addition, he added, the KPK must also oversee the scheme plan through a consortium of SOEs, especially related to funding. Wiko explained that funding could have come from abroad and there was a loan offering process.
The National Commission on Human Rights (Komnas HAM) previously urged the government to close PT Freeport Indonesia and nationalize assets related to the rampant human rights violations of the operation.
Commissioner of the National Commission on Human Rights, Dianto Bachriadi said his side received many complaints related to alleged human rights violations in PT Freeport Indonesia’s business operations.
According to him, the problem was related to the company’s relationship with employees, violence against the community, and welfare issues. The Freeport contract itself will expire in 2021 with a planned speaking schedule to be held in 2019. “Here is also prone to rent-seeking,” he explained.