The Indonesian Central Information Commission (KI Pusat) has raised serious concerns regarding the transparency of the Danantara Investment Management Agency (Badan Pengelola Investasi Daya Anagata Nusantara). According to the commission, the national Sovereign Wealth Fund (SWF) has repeatedly failed to respond to official inquiries regarding its public information disclosure practices.
Donny Yusgiantoro, Chairman of the Central Information Commission, revealed that his office began reaching out to Danantara just two months after the agency’s official establishment fourteen months ago. Despite multiple letters and invitations sent to the agency, Danantara has remained silent, failing to acknowledge any communication from the commission.
“As a public body, Danantara must recognize its obligations under the Freedom of Information Law,” Yusgiantoro stated. He emphasized that these requirements are anchored in Law Number 14 of 2008 and Article 28F of the 1945 Constitution, both of which guarantee the public’s right to access and process information from state-funded entities.
Because Danantara receives funding—either partially or entirely—from the State Budget (APBN), it is legally classified as a public body. Consequently, the agency is mandated to uphold the principles of transparency. Yusgiantoro noted that the commission has exhausted various channels to foster dialogue, including formal visits and invitations to institutional forums, yet the agency remains unengaged.
Currently, the commission’s efforts to mentor Danantara on transparency are stalled at the initial communication stage. The oversight body intended to guide the agency through establishing a Public Information and Documentation Management Official (PPID) and ensuring budgetary support for transparency initiatives. However, without a baseline response from Danantara, these developmental stages cannot proceed.
The push for transparency is particularly critical given Danantara’s strategic role in managing state investments. Yusgiantoro highlighted that the public has a fundamental right to understand the policies and regulatory frameworks driving the agency’s decisions, as these policies ultimately impact the national economy.
The scrutiny intensified following reports from the NEXT Indonesia Center, which pointed out that Danantara’s 2025 financial reports were overdue. According to regulations, the agency was expected to publish its performance report by February 2026. In its defense, Danantara’s communication team cited its status as a sui generis body—a unique entity created by law that operates outside the standard central government structure but maintains autonomous authority.
Referencing Law Number 1 of 2025 and its subsequent amendments, Danantara stated in an official release, “Danantara Indonesia remains committed to the principles of transparency, accountability, and financial reporting as required by prevailing laws.” The agency attributed the delay to an ongoing, complex process of consolidating and auditing the financial reports of all state-owned enterprises (BUMN) under its management, alongside harmonizing internal reporting systems.
Dony Oskaria, Chief Operating Officer of Danantara, explained that the financial statements remain incomplete because several BUMNs, such as PT Telkom Indonesia Tbk (TLKM), have yet to finalize their Annual General Meetings of Shareholders (RUPST). “We are currently conducting impairment reviews and reconciling accounts across the board. We expect the process to be completed by the end of June at the latest,” Oskaria stated during a visit to the Indonesia Stock Exchange (BEI).
While the agency works to finalize these records, its Chief Executive Officer, Rosan P. Roeslani, has opted to remain silent regarding the delay, leaving the public and oversight bodies waiting for further clarification on the agency’s financial standing and operational governance.
Summary
The Indonesian Central Information Commission has criticized the Danantara Investment Management Agency for failing to respond to repeated inquiries regarding public information disclosure. As a state-funded entity, Danantara is legally required under Law Number 14 of 2008 to uphold transparency, yet the agency has ignored multiple formal communications from the commission. This lack of engagement has stalled efforts to establish essential transparency mechanisms, including the appointment of a Public Information and Documentation Management Official.
Danantara defends its silence and the delay of its 2025 financial reports by citing its unique sui generis status and the complexity of auditing state-owned enterprises under its management. The agency’s leadership claims that financial statements are currently being reconciled and expects to finalize the process by the end of June. Despite these assurances, the agency continues to face scrutiny from oversight bodies and the public regarding its accountability and operational governance.
