Three former officials at Indonesian state energy firm Pertamina have been cleared of incurring losses for the state, after they sold two oil tankers for $184 million to the Norwegian tanker shipping giant Frontline in 2004 20 million $ below the market price.
The sale took supposingly place without the permission of the finance minister as required by regulations, and involved Pertamina’s ex-chief commissioner Laksamana Sukardi (The former state enterprises minister under former president Megawati Sukarnoputri), former Pertamina president director Ariffi Nawawi, and former finance director Alfred Rohimone.
“The case is finished. There is no proof of state losses,” said Jasman Pandjaitan, the attorney general’s spokesman to Reuters. Pertamina maintained, that it decided to sell the carriers because it lacked the funds to maintain them, adding that the sale was a pure business decision.