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BRIEF-Eneco Energy Says Refers To Conclusion Of Independent Review Into Queried Payment Made By Director Of Pt Mandiri Pratama Khatulistiwa

Reuters SG
·1-min read

Aug 4 (Reuters) - Eneco Energy:

* REFERS TO CONCLUSION OF INDEPENDENT REVIEW INTO QUERIED PAYMENT MADE BY DIRECTOR OF PT MANDIRI PRATAMA KHATULISTIWA

* INDEPENDENT REVIEW REPORT HAD IDENTIFIED A WITHDRAWAL OF APPROXIMATELY USD2.88 MILLION FROM INDONESIAN BANK ACCOUNT OF PTH

* COMMENCED LEGAL ACTION AGAINST MPK IN CENTRAL JAKARTA DISTRICT

* MPK WAS ENGAGED BY TO OBTAIN A BANK GUARANTEE ON BEHALF OF ANOTHER SUBSIDIARY OF COMPANY UNIT

* MPK CEASED TO MAKE PAYMENTS AFTER PAYING FIRST INSTALMENT AND PART OF SECOND INSTALMENT

* LEGAL ACTION FILED TO RECOVER REFUND OF SETTLEMENT SUM WHICH REMAINS DUE BY MPK TO PTH AMOUNTING TO 41.95 BILLION RUPIAH Source text for Eikon: Further company coverage: