The year 2016 was a rather prolific year for the Corruption Eradication Commission (KPK). Even on to the last days of 2016, the KPK were still running their Sting Operation (OTT) in Klaten, Central Java. The Klaten OTT was the 14th OTT the KPK conducted in 2016. What are the cases that the KPK unraveled last year?
Read MoreThe Corruption Eradication Commission (KPK) ended the year 2016 with a Sting Operation (OTT). The OTT was conducted in the morning of December 30, 2016 in Klaten, Central Java. The target of the operation was the Regent of Klaten Sri Hartini (PDI-P) and 7 other individuals. On December 31, 2016, the KPK named Hartini as a suspect of abuse of power and corruption. The KPK believe that the case is connected to the Government Regulation (PP) that grants regional government the authority for form their own form of career pattern.
Read MoreEvergreen Invesco (GREN) has kicked off the issuance of 18.77 billion new shares at Rp550 per share to raise Rp10.33 trillion. The troubled insurance firm Asuransi Jiwa Bersama Bumiputera (AJBB) is stand-by buyer, and because Natural Crystal Holdings, majority shareholder of GREN, won’t subscribe the new shares, policyholders of AJBB will eventually become controlling shareholder of GREN.
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