In 2018 we reported the development of the ongoing dispute between PT Aryaputra Teguhartha—a company with links to PT Ongko Multicorpora (PT Mitra Investindo Multicorpora)—, Kaharudin Ongko—Bank Umum Nasional and former defendant in the BLBI graft case—, and PT Bunas Finance Indonesia Tbk (now PT BFI Finance Tbk or BFIN). There are three lawsuits filed by Aryaputra as of then including a police report also filed by the Company. The prolonged dispute, as we all know, was brought to life in May 2018 when Aryaputra held a press conference and since then conducted various legal efforts (link: http://yosefardi.com/2018/05/16/kaharudin-ongko-v-bfi-finance/). Recently, the Jakarta State Administrative High Court (PTTUN) read their decision and ruled in favor of BFIN, contrary to the verdict previously decided by the Jakarta State Administrative Court (PTUN).
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