Tuesday, January 19, 2010

Sutikno resigned from PGN, former boss charged

Sutikno, former CEO of PT Perusahaan Gas Negara (PGAS) Tbk, has resigned as non-executive director of the gas transmission and distribution company. Meanwhile, his former boss, WMP Simanjuntak, is charged of corruption and bribery with a possible life sentence. Simanjuntak was CEO of PGN.
PGAS told IDX on Monday that Sutikno resigned for personal reason. He was demoted from CEO to non-executive director in 2008. Sutikno was appointed CEO in 2006 to replace Simanjuntak. He was director for administration & general affairs at PGN. He earned master degree in social science from University of Indonesia. Prior to his promotion as director of general affairs in 2001, Sutikno was head of budget division at PGN.
Yesterday, prosecutor charged Simanjuntak with coercion of PGAS' supplier of Rp3.6 billion and taking bribes, and bribed parliament member for Rp1.6 billion. Simanjuntak and Djoko Pramono, then finance director of PGN, charged for coercing PGAS supplier in a gas distribution project in 2003.
They are also charged for bribing legislators to get approval on privatization of the company. Prosecutors said legislator AGusman asked for Rp1 billion to be distributed to members of the House' energy commission.

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