JAKARTA (Yosefardi) – Investors continue selling shares of PT Bank Central Asia (BCA) Tbk (BBCA) this morning on concern over tax scandal.
At 9.37 am Jakarta time, BBCA fell 0.23% to Rp11,025 per share with over 16.89 million shares exchanged hands.
The management of BCA had made a disclosure to the Indonesia Stock Exchange (IDX) and revealed it did not violate the tax regulation as reported by national media outlets.
The KPK has named Hadi Poernomo, the Chief of the Supreme Audit Agency (BPK), as suspect in the BCA tax case which caused Rp375 billion of State loses.
Hadi is accused for violating procedure in granting BCA’s tax objection during his tenure as Director General of Taxation in 2002-2004 period.