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FX Daily Updates
Indonesia seizes $725 mln from Wilmar Group in palm-oil graft case
georgemiller
Publish Date: Tue, 17 Jun 2025, 07:19 AM
JAKARTA, June 17 (Reuters) - Indonesia's Attorney General's Office said on Tuesday it had seized 11.8 trillion rupiah ($725 million) from food company Wilmar Group (WLIL.SI) , opens new tab that it said was related to corruption in obtaining palm-oil export permits.
Wilmar did not immediately respond to a request for comment.
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In April, after the Attorney General's Office arrested an employee of Wilmar Group in relation to the case, the company said it was assisting with investigations.
($1 = 16,283 rupiah)
https://www.reuters.com/sustainability/indonesia-seizes-725-mln-wilmar-group-palm-oil-graft-case-2025-06-17/