PT Sunprima Nusantara Pembiayaan (SNP Finance) was bankrupt per October 2018, but as we all know, besides its debts dispute, the Company is also subject to police investigation for allegedly embezzling the credit facilities it received from 14 banks. The investigation is still ongoing and the case has caused collateral damages, including new lawsuits implicating other parties and the recent event when the public accounting firm (KAP) Satrio Bing Eny & Partners (part of Deloitte Indonesia) received sanction from the Financial Service Authority (OJK) in the form of cancellation of the firm’s registration. In the middle of the chaos, the process of insolvency of the primary case is stalled. The team of curators of the bankruptcy process apparently have not finished their duty to verify the creditors’ bills.
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