The breakdown of the compensation is as follows — profits made by the five Wilmar subsidiaries amounting to IDR1.7 trillion, financial losses to the state amounting to IDR1.66 trillion, and losses in the business and household sector amounting to IDR8.53 trillion.
Wilmar International first submitted a security deposit of IDR11.88 trillion in May for “corrupt actions” carried out in 2021 during a shortage of cooking oil in the Indonesian market with the Indonesian AGO.
The Supreme Court of Indonesia has fined five Wilmar International’s subsidiaries IDR1 billion, and required them to pay a compensation of for state losses totalling IDR11.9 trillion ($930 million).
Wilmar says that as the total amount of IDR11.9 trillion has already been deposited by the five subsidiaries with the Attorney General’s Office (AGO), this amount will subsequently be deposited into the State Treasury.
