Indonesia Parliament to Probe PT Pos Fraud Allegations, Summon Danantara Over Accounting Irregularities

JAKARTA, Investortrust.id — Indonesia's Parliament is set to summon Danantara, the country's sovereign investment agency, to explain allegations of accounting manipulation and financial fraud at PT Pos Indonesia, the state-owned postal and logistics operator, as scrutiny intensifies over governance at one of Indonesia's oldest state-owned enterprises.

The planned hearing comes days after PT Pos President Director Daud Joseph unexpectedly resigned after only three months in the role, raising fresh questions over the company's financial condition and internal controls.

The investigation extends beyond PT Pos itself. The company is expected to become a cornerstone of Indonesia's planned national logistics holding company, making corporate governance reforms critical before any consolidation proceeds.

The case also puts Danantara—established to oversee and improve the performance of Indonesia's state-owned assets—under pressure to demonstrate stronger oversight of companies under its portfolio.

Parliament Seeks Answers

Darmadi Durianto, a member of Commission VI of the House of Representatives, said lawmakers need a full explanation from Danantara before drawing conclusions about the alleged fraud.

"We will summon Danantara, which disclosed the alleged financial statement manipulation and possible losses caused by PT Pos management. We still need to know when this happened, what exactly occurred, and the specific nature of the case," Darmadi told reporters after a parliamentary plenary session in Jakarta on Tuesday.

He suggested the allegations could reflect years of unresolved governance weaknesses rather than a single isolated incident.

"PT Pos has had many problems over the years. This may involve old cases, or it could involve new ones."

CEO's Sudden Exit Raises Questions

Lawmakers also questioned Daud Joseph's abrupt resignation, describing it as unusual for the head of a major state-owned enterprise.

"He resigned after only three months. We need to know why—whether it was work pressure, involvement in the case, or other factors. It is rare for the CEO of a state-owned company to step down so quickly," Darmadi said.

While he welcomed Danantara's decision to disclose the suspected irregularities, Darmadi said Parliament expects a transparent explanation regarding the circumstances surrounding the resignation.

Governance Reform Seen as Essential

Beyond the fraud allegations, lawmakers criticized PT Pos for remaining heavily dependent on government assignments rather than developing a stronger commercial business model.

Darmadi warned that merging PT Pos with other logistics companies before addressing governance issues would only compound existing problems.

"If PT Pos is not reformed and its governance issues remain unresolved, merging it into a national logistics holding company would simply unite the problems rather than create a stronger logistics enterprise."

PT Pos Denies Internal Problems

PT Pos has maintained that its operations remain unaffected by the leadership transition.

The company said Daud Joseph resigned on July 2 for personal reasons and that the decision was unrelated to the company's financial condition or internal operations.

Corporate Secretary Iwan Gunawan said logistics services, business transformation initiatives, and strategic programs continue as planned while the company follows established corporate governance procedures to appoint new leadership.

Meanwhile, Danantara has said its concerns emerged during an internal assessment and that the alleged accounting irregularities are now being examined through an investigative audit involving law enforcement authorities.