Indonesia begins probe into Telkomsel-GoTo deal, but some call it political

Garibaldi Thohir, GoTo president commissioner (Photo courtesy of GoTo)

Indonesia has begun an investigation on the legality and ethics of Telkomsel’s investment in listed technology unicorn PT GoTo Gojek Tokopedia Tbk (GoTo), lawmakers told DealStreetAsia on Tuesday, despite concerns that the move may be political.

At least two commissions at the House of Representatives — one overseeing state-owned enterprises and the other overseeing legal and security affairs — had proposed to form a working committee to look into the investment and a special committee to investigate the alleged abuse of authority by the state-owned ministry in purchasing GoTo shares.

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