Day: February 19, 2024

PT Ricky Kurniawan Kertapersada, subsidiary of PT Matahari Kahuripan Indonesia (Makin Group), which is controlled by Susilo Wonowidjojo (one of heirs of cigarette giant Gudang Garam), was declared bankrupt recently. Bankruptcy is a normal occurrence in business, but this time it is unusual because the company was punished for its “contribution” to the 2015 forest fires. The problem is, the legally binding decision on the forest fire has not been executed and the company has not paid the penalty according to the court decision, but the bankruptcy process was not notified to the Ministry of the Environment and Forestry. As a result, the Ministry now suspects that there is a conspiracy in this bankruptcy process.

Earlier this month, the Attorney General’s Office (AGO) announced that they had been investigating allegations of corruption related to the tin trading system carried out in the Mining Business License (IUP) area owned by PT Timah Tbk (TINS). The investigation started in October last year and by the time the announcement was made, the institution had named several suspects, including on a development of investigation. Towards the end of last week, the AGO finally named more suspects in the predicate crime, one of whom is the former President Director of PT Timah, Mochtar Riza Pahlevi Tabrani.