On September 27, 2016 the Wall Street Journal reported that the United State’s Justice Department was investigating the Standard Chartered PLC over the allegations that PT Maxpower Indonesia, a subsidiary of Standard-Chartered-controlled Maxpower Group Pte Ltd, had bribed Indonesian Government officials. The bribery allegedly took place between 2012 and 2015 in the amount of US$750,000. Investigators had supposedly obtained several pieces of evidence, one of which is a record of a conversation. The Corruption Eradication Commission (KPK) reportedly had reportedly received information regarding the investigation and had since conducted its own investigation.To subscribe please click here
