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R14 — Eneco Energy News Story

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Brief: Eneco Energy Says Refers To Conclusion Of Independent Review Into Queried Payment Made By Director Of Pt Mandiri Pratama Khatulistiwa

Aug 4 (Reuters) - Eneco Energy  ENEC.SI :
    * REFERS TO CONCLUSION OF INDEPENDENT REVIEW INTO QUERIED
PAYMENT
MADE BY DIRECTOR OF PT MANDIRI PRATAMA KHATULISTIWA
    * INDEPENDENT REVIEW REPORT HAD IDENTIFIED A WITHDRAWAL OF
APPROXIMATELY USD2.88 MILLION FROM INDONESIAN BANK ACCOUNT OF
PTH
    * COMMENCED LEGAL ACTION AGAINST MPK IN CENTRAL JAKARTA
DISTRICT
    * MPK WAS ENGAGED BY TO OBTAIN A BANK GUARANTEE ON BEHALF OF
ANOTHER SUBSIDIARY OF COMPANY UNIT
    * MPK CEASED TO MAKE PAYMENTS AFTER PAYING FIRST INSTALMENT
AND
PART OF SECOND INSTALMENT
    * LEGAL ACTION FILED TO RECOVER REFUND OF SETTLEMENT SUM
WHICH
REMAINS DUE BY MPK TO PTH AMOUNTING TO 41.95 BILLION RUPIAH

Source text for Eikon:  ID:nSN45GkKg 
Further company coverage:  ENEC.SI 

 ((Reuters.Briefs@thomsonreuters.com;))

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