Towards the end of 2022, 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. By then, the dispute had 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. By the end of 2023, the lawsuits were rejected by the district court while reportedly the police report cannot be examined further. Bank OCBC, however, refused to surrender and filed for a cassation in January 2024.
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