Wilma internationality, Singapore– Based on the agricultural giant, 11.9 trillion Indonesia ($729 million) has been handed over to Indonesia as a “margin” in connection with allegations of misconduct in palm oil export licenses. Wilma’s shares fell 3% in the news, reaching its lowest point in a decade.
Wilma generated $67.4 billion in revenue last year, up 0.3% year-on-year. The farm giant has an annual profit of $1.2 billion, meaning its $729 million “margin” is about 60% of Wilmar’s total net income in 2024.
Indonesian prosecutors accuse Wilma of bribing officials with permits in 2022 during the nation’s edible oil shortage. In March, Indonesian court cleared Wilma and two other companies in March, but the three judges behind the ruling were Arrested Transplant fee one month later.
The Indonesian Attorney General’s Office claims that corruption related to these export permits has caused the state to 12.3 trillion Indiana ($755 million).
Tuesday, Wilma claim “All actions related to edible oil exports during this period are carried out in accordance with current regulations.” If the Indonesian Supreme Court insists on acquittal, Wilma will receive a “margin” but if the case is lost, the money will be lost.
“Wilma pays for the state losses they cause Tuesday press conference.
Indonesia accounts for about 60% of the global palm oil supply. Crude oil is a major ingredient in food and household goods. In response to the shortage of edible oil in late 2021 and early 2022, Indonesia has imposed strict export restrictions on palm oil. include A three-week export ban to preserve local supply and control price increases.
Wilma is one of the largest oil palm plantations in the world, with a total planting area of over 230,000 hectares. It is one of the largest companies in the region, wealth’s Southeast Asia 500;It is also one of the few companies in the region to enter the 500 globally wealth’Ranking of the world’s largest companies by revenue.
Two-thirds of Wilma oil palm plantations are in Indonesia. In addition to palm oil and cooking oil, Wilma also produces other foods for global markets such as rice, noodles and margarine.
