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RIMO experiencing financial difficulties

26 February 2021 06:38

JAKARTA - PT Rimo International Lestari Tbk (RIMO) has difficulty fulfilling a number of obligations to creditors, suppliers and operating costs, after a number of its assets have been confiscated by the Attorney General's Office, regarding a corruption case involving Benny Tjokrosaputra, controller of RIMO. This was conveyed by Teddy Tjokrosapoetro, President Director of RIMO, in an information disclosure quoted on Friday (26/2).

He said that currently the company only relied on recurring income from the hotel and shopping center business after a number of its assets had been seized by the country. "Due to the legal case that befell on Benny Tjokrosaputro, and COVID-19 pandemic, the company's revenue is limited," added Tjokrosapoetro.

According to him, the company still has a number of other arrears to meet operational costs, such as employee salaries, audits of public accounting firms, annual fees and sanctions from the Indonesia Stock Exchange (IDX), including fees and fines from the Financial Services Authority (OJK).

For information, Benny Tjokrosaputra was declared as a convict, by the Central Jakarta District Court, in the corruption case of PT Asuransi Jiwasraya (Persero). (LK/VA)

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