Tag: BPPN

The Latest on the BLBI Graft Case

by | Jun 25, 2018 | | 0

Last week, the Corruption Eradication Commission continued the trial of Syafruddin “Syaf” Arsyad Temenggung, the former chairman of the Indonesia’s Bank Restructuring Agency (BPPN), who is now a defendant in the Bank Indonesia Liquidity Assistance (BLBI) graft case. In the latest hearing the court listened to accounts of witnesses including from one Iwan Ridwan Prawiranata, former Bank Indonesia’s deputy governor for supervision, who’s also a former chairman of BPPN.

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Law Journal: RAPP’s Lawsuit, and the BLBI Graft Case

by | Dec 22, 2017 | | 0

The dispute between the Ministry of Environment and Forestry and PT Riau Andalan Pulp & Paper (RAPP) (APRIL Group) is finally over. The Panel of Judges decided that they cannot accept the lawsuit. Separately, the Corruption Eradication Commission detained Syafruddin Arsyad Temenggung, the former chairman of the Indonesia’s Bank Restructuring Agency (BPPN), the sole suspect in the Bank Indonesia Liquidity Assistance (BLBI) graft case.

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Fireworks Ventures v. MCOR

by | Oct 31, 2017 | | 0

On October 28, 2017 the legal counsel of one Edy Nusantara representing Fireworks Ventures Limited sent a letter to the Financial Service Authority (OJK) to seek protection in relation to a dispute that Fireworks had entered into with PT Bank China Construction Bank Indonesia Tbk (MCOR). This dispute has been going on for several years now, and it involves parties that goes back to the Government’s attempt to rescue the banking sector from the 1998 economic crisis through the Indonesian Bank Restructuring Agency (BPPN).

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Sugar Group v. Salim Group

by | Oct 4, 2016 | | 0

PT Mekar Perkasa’s Suspension of Debts Payment (PKPU) petition against Sugar Group’s PT Sweet Indolampung was declined by the Commercial Court of the Central Jakarta District Court. The Panel of Judges insisted Salim Group’s Mekar Perkasa must be able to prove that Sweet Indolampung actually had matured debts.

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