Last week, the Commercial Court of the Central Jakarta District Court registered a bankruptcy lawsuit filed by one person against seven companies. We later found out that the companies mentioned operates in East Kalimantan and are part of the Mahakam Group or Kalpataru Group as often referred to by the local media outlets. The group is low profile but several years ago Singapore-based Sindopalm Pte Ltd, a company with affiliation to one of the Group’s entity, signed a deal with Singapore-based PTT Green Energy Pte Ltd (part of Thailand State-owned PTT Public Company Limited).

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