Earlier this month, the Attorney General’s Office (AGO) made a confusing announcement. The institution stated that it succeeded in auctioning shares owned by PT Gunung Bara Utama (PT GBU) which is affiliated with Heru Hidayat, a convict in the Asuransi Jiwasraya corruption scandal. This announcement is surprising because we know that PT GBU has had many legal problems. More than that, the company that is said to have purchased PT GBU shares is a very low profile company. Is it reasonable for PT GBU to be worth almost Rp2 trillion? This week, we learned that in an ongoing legal case, the district court issued a decision that further complicates the situation. The AGO has a lot of homework to be done.To subscribe please click here
