CELIOS has just released a BRIEF ANALYSIS examining various legal issues in the regulation of the Investment Management Agency (BPI) Danantara.
As a newly established super-holding entity, Danantara’s formation under Law No. 1 of 2025 and Government Regulation No. 10 of 2025 raises concerns about potential conflicts of interest, regulatory weaknesses, and a lack of oversight mechanisms.
🔎 Key Findings by CELIOS:
⚠ Ministers Holding Dual Positions → Violates the State Ministry Law and risks creating conflicts of interest.
⚠ Danantara’s Losses Not Categorized as State Finances → Contradicts the Anti-Corruption Law and creates moral hazard risks.
⚠ Lack of Oversight → The Supervisory Committee is optional and can be dissolved at any time by the President.
⚠ Legal Immunity for Danantara Officials → Officials cannot be held legally accountable, increasing the risk of abuse of power.
⚠ Potential Systemic Risks → State-owned bank assets are managed without proper risk mitigation regulations, threatening national financial stability.
⚠ Removal of Danantara Officials’ Status as State Administrators → Weakens transparency and accountability, contradicting Law No. 28 of 1999.
Source : https://celios.co.id/legal-issues-and-risks-in-the-regulation-of-the-establishment-of-danantara/