The Business Competition Supervisory Commission (KPPU) has examined allegations of violations committed by PT Sinar Ternak Sejahtera (PT STS), which is part of the PT Charoen Pokphand Indonesia Tbk (CPIN), the largest integrated poultry player, since 2020. This alleged violation is not a violation that the public usually knows about when it comes to KPPU, namely the merger/acquisition process. This time, the alleged violation was related to the inti plasma partnership implementation agreement and PT STS was found guilty of committing a violation towards 117 of its plasma last week. The penalties given are very severe, with the possibility of revocation of business licenses and a fine of Rp10 billion. Worst of all, this decision is final and no legal remedies are available to PT STS.To subscribe please click here
