InfoSAWIT, JAKARTA – Wilmar International Limited has issued an official clarification following media reports linking the company to alleged export under-invoicing and transfer pricing practices currently drawing regulatory attention in Indonesia.
The company responded after several national media outlets named Wilmar among major palm oil firms reportedly associated with alleged export value manipulation.
In its official statement received by InfoSAWIT on Saturday (30/5/2026), Wilmar emphasized that it has not received any formal notification regarding an investigation as reported by sections of the media.
“Wilmar wishes to clarify that we have not received any formal notification regarding the investigation referred to in media reports. Nevertheless, we are cooperating with relevant authorities to understand the issues that concern them,” the company said.
Wilmar added that while no official notice has been delivered, it remains engaged with authorities to better understand the matter under discussion.
The company further stated that should it later receive formal notification that it is part of an investigation concerning alleged export under-invoicing or transfer pricing, the information would be disclosed publicly in accordance with market disclosure requirements.
“If and when we receive formal notification that Wilmar is being investigated over alleged export value manipulation and export transfer pricing, we will provide updates to the market in accordance with applicable disclosure obligations,” the statement continued.
Allegations involving export under-invoicing and transfer pricing have recently become a significant issue in Indonesia because of their implications for export governance, state revenues, and transparency in strategic commodity trade.
Under-invoicing refers to alleged reporting of export values below actual transaction prices, while transfer pricing concerns pricing arrangements between affiliated companies that may influence profit reporting and tax obligations.
As of publication, Indonesian authorities had not released any formal statement regarding legal status or investigation outcomes involving companies named in previous media coverage.
Wilmar’s clarification underscores the need for caution in interpreting reports surrounding investigations that remain at an early stage and have yet to be accompanied by formal regulatory notification. (T2)
