Published on October 21, 2025, by detikFinance
By Andi Hidayat
Jakarta – CEO Daya Anagata Nusantara Investment Management Agency (BPI Danantara) Rosan Roeslani spoke up about state-owned enterprises polishing their financial reports.
Rosan said such practice of polishing financial reports was done under supervision of the state-owned enterprise board of commissioners. Therefore, Danantara eliminated the bonus policy, as its oversight function was deemed suboptimal.
“The commissioners are pushing for high profits, but how? They’re using the term “beautifying the books.” “Beautifying the books” means polishing financial reports to make them more attractive, but sometimes they even dare to commit fraud,” said Rosan at the Berdikari Bersama Danantara Indonesia: Economic Transformation Towards a Golden Indonesia event at the Kempinski Grand Ballroom, Jakarta, on Monday (10/20).
Rosan also mentioned that some state-owned enterprises (SOEs) deposited dividends to Danantara through bank loans. Going forward, Rosan emphasized that no SOEs will be allowed to embellish their financial reports.
“I said, under Danantara, under my leadership, no SOEs will ever embellish their books or make their profits appear large, but they have to borrow money first to distribute dividends. And this is the case. ‘Wow, sir, our dividends are large.’ Okay, send the dividends. ‘Wait, Sir, we have to borrow money from the bank first.’ That’s it,” Rosan explained.
Rosan added that Danantara will audit the financial reports of even SOEs with significant assets starting next year. This is to ensure the accuracy of SOEs’ balance sheets.
“Next year, I will implement corrections to the books of several SOEs, including large ones, because their reporting is inconsistent and inaccurate,” he concluded.