Wilmar said the financial impact of the US$2.5mil deposit paid by DSI, if forfeited, will not be material to it.
PETALING JAYA: The Indonesian subsidiary of PPB Group Bhd
’s 18.8%-owned associate, Wilmar International Ltd, has been charged by the Indonesian Public Prosecutor for carrying out unlawful acts relating to the import of raw sugar, which allegedly caused losses amounting to 578 billion rupiah (approximately US$36mil) to Indonesia.
In a filing with Bursa Malaysia through PPB, Wilmar said the company’s Indonesian subsidiary, PT Duta Sugar International (DSI), along with representatives of eight other refined sugar producers in Indonesia, has been charged for the aforementioned offence.
