JAKARTA (Yosefardi) – Shareholders of PT Cipaganti Citra Graha Tbk (CPGT), transportation services unit of Cipaganti Group, had on Monday (August 25) rejected the financial report for 2013 fiscal year presented by the management.
Cipaganti is now on the spotlight after the wake of the fraud of fund management amounting Rp3.2 trillion. Three executives of CPGT had been arrested. They also act as management of cooperative of Cipaganti Karya Guna Persada.
Cipaganti’s shareholders had also on Monday (August 25) appointed Lasmar Edulantes as new president director for CPGT, replacing Andianto Setiabudi who was arrested by police for being involved in the said fraud of funds.
Lasmar Edulantes also acts as independent director for toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) for 2014-2017.
CPGT is now in talks with potential buyer from Japan for divesting part of shares in unit, PT Cipaganti Heavy Equipment.