Towards the end of last year, we reported on the business dispute involving companies under the CT Corp and Gudang Garam business group which took place far from the media spotlight. This dispute has been examined for more than a year at the Sidoarjo District Court. To our surprise, a new party arises in a dispute over a similar matter. PT Bank OCBC NISP Tbk (NISP) filed a police report against Gudang Garam, its executives and affiliated companies for alleged letter forgery, fraud and money laundering. Recently, we learned that the first lawsuit was rejected by the district court while the mediation stage on the ongoing dispute failed to reach agreement.
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