JAKARTA -- Indonesia's financial authorities have told Garuda Indonesia, the country's state-owned flagship carrier, to "fix and restate" its 2018 results within 14 days due to accounting errors, and have also frozen the license of the accountant that audited Garuda's results.
The Financial Services Authority, or OJK, said Garuda as a company and its directors would be fined 100 million rupiah each. Additional fines will also be imposed on directors and commissioners who signed off the 2018 results.
