Day: December 4, 2018

On November 21, 2018, the South Jakarta District Court registered a default lawsuit filed by PT Bank Artha Graha Internasional Tbk (INPC) against one Jack Mulyana Husodho and five other parties. Bank Artha Graha accuses the parties of having defaulted and demands a compensation of nearly Rp1 trillion. The published information on the lawsuit does not provide details on the cause of the dispute, but there is something interesting linked to the parties and also linked to the ongoing dispute between PT Bank China Construction Bank Indonesia Tbk (MCOR), Fireworks Ventures Limited, PT Geria Wijaya Prestige (GWP), and Bank Artha Graha’s patron Tomy Winata.

Last week, the Corruption Court of the Central Jakarta District Court held the first hearing on the trial of Eni Maulani Saragih, the former Deputy Chairman of the House Commission VIII of the House of Representative (Golkar), who is a defendant in the Riau Power Plant graft case. The indictment prepared for Eni mentioned that in addition of receiving bribes from Johannes Kotjo, Eni had also received grafts from four businessmen, including the President Director of  PT Smelting Indonesia. PT Smelting quickly announced their rebuttal to the indictment. Separately, the bankruptcy process of PT Sariwangi Agricultural Estate Agency (Sari Wangi AEA Co Ltd – Sariwangi) and its subsidiary PT Maskapai Perkebunan Indorub Sumber Wadung (Indorub) continued when the Panel of Judges declared the Companies insolvency per November 30, 2018. The Companies are deemed incapable to repay their debts.