On July 30, 2020, after being in dispute for nearly two years, Joko Mogoginta and Budhi Istanto (former executives of PT Tiga Pilar Sejahtera Food Tbk – AISA) were finally found guilty of embezzlement. On the same day, the company’s new management held an incidental public expose to fulfill the requirements demanded by the Indonesia Stock Exchange for the reopening of the company’s securities trading on the Stock Exchange. AISA was finally allowed to recommence its operations in September 2020. In October 2020, Joko and Budhi were indicted for fraud. Their trial is ongoing. To subscribe please click here
