Waskita Karya CEO Charged with Corruption: How Much Debt Does WSKT Have?

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Adi Ahdiat 09/05/2023 15:40 WIB

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In the first quarter of 2023, Waskita Karya's total liabilities or debt reached Rp84.4 trillion, approximately 86% of their total assets.

Total Liabilities of PT Waskita Karya Tbk (2018-Q1 2023)

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Waskita Karya CEO Charged with Corruption: How Much Debt Does WSKT Have?

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Total Liabilities of PT Waskita Karya Tbk (2018-Q1 2023)

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The Indonesian Attorney General's Office named Destiawan Soewardjono, the President Director of PT Waskita Karya Tbk (WSKT), as a suspect in an alleged corruption case on April 27, 2023.

Destiawan Soewardjono is suspected of ordering and approving the disbursement of supply chain financing (SCF) funds using forged supporting documents to pay off company debts incurred from fictitious projects.

According to the company's financial reports, Waskita Karya's debt has been declining over the past five years.

At the end of 2018, WSKT's total liabilities or debt amounted to Rp 95.5 trillion. In subsequent years, their debt gradually decreased to Rp 84.4 trillion at the end of Q1 2023.

Although the overall figure has decreased, Waskita Karya's total liabilities or debt remain substantial, reaching 86% of their total assets of Rp 98.2 trillion at the end of Q1 2023.

Waskita Karya's debt as of Q1 2023 was dominated by long-term debt valued at Rp 63.1 trillion, while its short-term debt amounted to Rp 21.2 trillion.

Of its total short-term debt, there is Rp 5.2 trillion in net bond debt maturing within one year.

The investigation into the WSKT case is ongoing. To expedite the investigation, Destiawan Soewardjono has been detained at the Salemba Detention Center, a branch of the Attorney General's Office, since April 28, 2023.

WSKT's management removed Destiawan Soewardjono from his position as President Director on April 29, 2023. He will be replaced by Mursyid, the Director of HCM, System Development, and Legal at WSKT, who will serve as acting President Director.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Waskita Karya CEO Charged with Corruption: How Much Debt Does WSKT Have?

Waskita Karya CEO Charged with Corruption: How Much Debt Does WSKT Have?

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Waskita Karya CEO Charged with Corruption: How Much Debt Does WSKT Have?

Waskita Karya CEO Charged with Corruption: How Much Debt Does WSKT Have?

Tags

Related Data

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025

Construction Cost Index of Soppeng Regency, South Sulawesi Reaches 95.61 Points in 2025

Construction Cost Index for Talaud Islands Regency, North Sulawesi Reaches 119.86 Points in 2025

Kupang City, East Nusa Tenggara Construction Cost Index Reaches 85.06 Points in 2025

Construction Cost Index of Malaka Regency, East Nusa Tenggara Reaches 78.34 Points in 2025

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