Apr 28, 2011

Duta Graha pulls out from House project

Publicly listed constructing company PT Duta Graha Indah Tbk officially pulled out from a Rp1.13 trillion construction project of new the House’s building, even though it had passed prequalification stage including other 4 companies.
“Yesterday, the resignation letter of Duta Graha has been addressed to committee of service and goods procurement for the House’s new building construction,” The House’s Bureau head of Building and Installation Maintenance Sumirat told to reporters, today.
Today, Duta Graha is alleged to bribe case on construction of athletes’ homestead for SEA games in Palembang, South Sumatra.
The measure of Duta Graha to resign from the project is supposed to avoid a polemic that hasn’t been approved yet as well as to create conducive atmosphere for related parties.
Therefore, there are 4 companies that had passed the selection and will go to service and goods process, namely KSO Adhi-Wika, PT PP (Persero), PT Hutama Karya, and PT Waskita Karya.

Disclosure: No position at the stock mentioned above.

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