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Genting Plantations’ Indonesian unit fined RM95mil by forest task force

Cover Image for Genting Plantations’ Indonesian unit fined RM95mil by forest task force

Company does not give details of the alleged breach, but says its 95%-owned indirect subsidiary, PT Susantri Permai, has since paid the penalty.

PETALING JAYA: Genting Plantations Bhd said today its Indonesian unit has been slapped with a fine of 396 billion rupiah (about RM95 million) by Indonesia’s Forest Area Enforcement Task Force.

The plantation group said its 95%-owned indirect subsidiary, PT Susantri Permai, received an interim notice from the task force and has paid the fine.

“The interim notice is awaiting finalisation from the authority,” Genting Plantations said in a bourse filing today.

Tags:administrative fineForest Area Enforcement Task Forcegenting plantationsIndonesiaPT Susantri Permai


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