29 October 2018 – PT Sinar Mas Agro Resources Technology Tbk deeply regrets the announcement by the KPK (Indonesian Corruption Eradication Commission) of its investigations into alleged corruption involving PT Binasawit Abadi Pratama (BAP) that implicates the Vice President Director of PT SMART Tbk, who is also a director of PT BAP.
The Board of Directors of PT SMART Tbk, has today, accepted Mr Edy S. Suradja’s resignation, effective immediately. Mr Suradja offered his resignation expressing a desire to avoid any further disruption to PT SMART Tbk as a result of the investigation into his role in PT BAP. The Board has accepted his resignation.
While, the company understands that the focus of the KPK investigation is interactions between employees of PT Binasawit Abadi Pratama and DPRD Kalteng (Central Kalimantan House of Representatives), given PT SMART Tbk’s own code of conduct and anti-corruption policies, we will undertake our own internal investigation into these allegations.
If a breach of the company policies is determined, PT SMART Tbk will immediately take appropriate actions, including against the person or persons involved, in line with the applicable employment law.
As we undertake this review, and cooperate with the KPK investigations, our business will remain fully operational. We wish to reassure our staff, customers, suppliers, creditors, shareholders and other key stakeholders of our firm commitment to responsible business practices.