The Investment Management Agency (BPI) Daya Anagata Nusantara, commonly known as Danantara, has officially addressed concerns regarding the delay in the publication of its inaugural financial report, which remains pending as of May 2026. In an official statement, the Danantara Communications Team emphasized that the agency operates as a sui generis entity, established under Law Number 1 of 2025.
A sui generis body is defined as a unique institution created by legislation that operates outside the standard structure of central or local government. It possesses autonomous authority to execute specific government functions, a status that Danantara argues dictates its distinct reporting framework.
According to the Communications Team, Danantara’s reporting obligations are governed by Law Number 1 of 2025, as amended by Law Number 16 of 2025, along with its derivative regulations. “As a sui generis agency, Danantara Indonesia remains committed to submitting its annual financial reports to the government auditor, the Supreme Audit Agency (BPK),” the team stated on Friday, May 15, 2026.
However, the continued delay in releasing these documents has drawn sharp criticism. Herry Gunawan, Director of the Next Indonesia Center, argued that under current regulations, such reports should have been submitted within two months of the fiscal year’s end—no later than February 2026.
Herry cautioned that Danantara’s failure to meet this deadline sets a concerning precedent for the state-owned enterprises (BUMN) under its purview. “This indicates a lack of commitment to good governance, which puts the management of the BUMNs under their control at significant risk,” Herry stated on Friday, May 15, 2026.
Furthermore, Herry pointed out that the delay potentially violates three key regulations: Government Regulation Number 8 of 2006 concerning Financial and Performance Reporting of Government Agencies; Article 20 of Presidential Regulation Number 29 of 2014 concerning the Performance Accountability System of Government Agencies; and Regulation of the Minister of Administrative and Bureaucratic Reform Number 53 of 2014 concerning technical guidelines for performance agreements and reporting.
In light of these findings, Herry urged President Prabowo Subianto to address what he describes as a growing culture of regulatory disregard within the agency. He warned that such behavior could severely erode public trust in the government’s ability to maintain institutional transparency and accountability.
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Summary
The Investment Management Agency, known as Danantara, has responded to concerns regarding its overdue inaugural financial report by emphasizing its status as a sui generis entity. The agency maintains that its unique legal framework under Law Number 1 of 2025 dictates its specific reporting obligations, while reaffirming its commitment to submit documentation to the Supreme Audit Agency.
Critics, however, argue that the delay violates several government regulations and suggests a concerning lack of institutional transparency. Experts have warned that this failure to meet standard reporting deadlines may undermine good governance and erode public trust in the oversight of state-owned enterprises, prompting calls for executive intervention.