Questions about transparency
DANANTARARA is led by the funding and by the Minister on Valle Rosan Roslani, who was additionally head of the Prabowo presidential marketing campaign crew in the course of the elections final 12 months.
The Minister of State Companies Erick Thohir, who additionally made a marketing campaign for Prabowo final 12 months, is the president of the fund supervisory council.
Before the official launch of DANANTARARA, some specialists had raised issues about transparency points because it was not clear how the brand new sovereign fund would have been verified.
Analysts advised the CNA that the nation’s audit council (BPK) and the monetary supervision and improvement company (BPKP) couldn’t solely management DANANTARA with the approval of Parliament, which is dominated by the Prabowo coalition – la Early coalition of Indonesia.
This occurred after Parliament modified a regulation referring to state enterprises on February 4th.
“Previously, the BPK may management the monetary relationships of the state -owned corporations by means of numerous strategies, however now it could possibly solely be managed by means of exams with a particular objective to detect whether or not or not there may be state loss,” mentioned Yassar Autia, a Researcher with non -governmental group Indonesia Corruption Watch (ICW).
“According to stories, audits are additionally doable solely with the approval or request of Parliament.”
However, Rosan rejected such issues.
During a press convention on Monday after the launch of DANANTARARA, the minister confused that “there isn’t a immunity from regulation on this nation”.
“So the KPK (Commission for the eradication of corruption) can (audit), particularly if there are improper or legal actions, may be very, very doable,” he added, including that the BPK can even conduct controls and audits on the brand new fund .
When requested by the CNA if Parliament’s approval to regulate DANANTARARA, Rosan mentioned that the KPK may management the brand new fund of sovereign wealth launched “at any time”. However, he mentioned that the BPK, within the meantime, ought to have handed by means of a mechanism to regulate DANANTARARA, with out revealing additional particulars.
In addition to the issues about his transparency, there are additionally issues about the truth that DANANTARARA might be profitable, which Prabowo believes is comprehensible.
“This might be predictable as a result of this can be a new initiative in our historical past,” mentioned Prabowo on Monday.
“Today, all Indonesians might be proud as a result of, with a complete heritage of over 900 billion {dollars} below administration, Dance of Indonesia might be one of many largest funds of sovereign wealth on this planet.”
