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.
Companies
Garuda Indonesia told by regulator to fix 2018 results
Government pressure thought to have led to state-owned carrier's unusual revenue
The accounting error relates to the carrier's contract with Mahata Aero Teknologi, a local company, under which a Wi-Fi connection service will be made available on all Garuda planes. © Reuters
Read Next
Latest on Companies
