Day: December 27, 2023

Asset Recovery after the Death of Lukas Enembe

Lukas Enembe, the disgraced governor of Papua, who was convicted in a case of bribery and graft, passed away a day after Christmas. This news gave rise to a lot of criticism at the Corruption Eradication Commission (KPK) from Lukas’ supporters, especially since from the start many believed that the KPK was the cause of Lukas’ worsening condition. However, apart from concerns about conditions in Papua, we are more concerned about asset recovery efforts in this case. Lukas should be tried on suspicion of money laundering with the KPK’s efforts to recover State losses. How will this legal process proceed?

Read More

Latest on the Basarnas Scandal

Back in July 2023 the Corruption Eradication Commission (KPK) uncovered a case of alleged corruption which caused an unexpected drama. The operation was conducted related to an alleged corruption in a project belonging to the National Search and Rescue Agency (Basarnas), then the KPK officially named five suspects in this case, including the Chief of Basarnas, Air Marshal Henri Alfiandi. The TNI then caused a commotion and protested the KPK’s decision because two suspects were active military officers. After facing backlash from the public, the situation calmed down a bit and the two institutions agreed to work together. Unlike the eventful revelation, trial of the civil suspects started and continues far from media coverage. Last week, the three defendants were found guilty.

Read More

Accident at Tsingshan Steel 

An accident (explosion) at PT Indonesia Tsingshan Stainless Steel (ITSS), which killed 18 workers (including eight Chinese), is by far the worst in the sector. Some use this as an opportunity to revisiting ESG practices of Chinese investments in Indonesia, particularly in nickel-centered industrial areas of Morowali (Central Sulawesi), Konawe (Southeast Sulawesi), Obi Island (North Maluku), and Weda Bay (North Maluku).

Read More

Prabowo’s Aceh Visit

Prabowo Subianto visited Nanggroe Aceh Darussalam (NAD), the western province of Indonesia, along with the sixth President Susilo Bambang Yudhoyono and his eldest son Agus Harimurti Yudhoyono (AHY). During this visit, Prabowo received the endorsement from Muzakir “Mualem” Manaf, the chairman of Aceh Party, the largest political party in Aceh province.

Read More

Corporations to Watch: MDKA and UNTR

Gold producer Merdeka Copper Gold (MDKA), co-owned by Garibaldy ‘Boy’ Thohir, Saratoga, and Provident Group, disbursed a loan to its subsidiary Merdeka Battery Materials (MBMA) amounting to US$100 million, equivalent to Rp1.55 trillion, used for general corporate purposes–working capital, capital and operational expenditures, to support the business activities of MBMA’s subsidiaries.

Read More
  • 1
  • 2
error: Content is protected !!