Latest on the BLBI Scandal

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, continue giving pressures. The Satgas recently seized assets located in Yogyakarta and East Java. Meanwhile, the Satgas also still trying to auction problematic assets that are unlikely to attract buyers.

Default Lawsuit against Hutama Karya 

PT Hutama Karya (Persero) (PTHK) has received more than Rp30 trillion from the State Capital Participation (PMN) in the last two years, and in addition, the company has also been given more assets to support its balance sheet. But these many facilities have not kept Hutama Karya away from problems. The state EPC firm recorded more losses over the last two years and recently, the company was sued on allegation of default by its business partner.

Latest on Corruption in Langkat 

The Corruption Eradication Commission (KPK) shook the nation after their third sting operation in 2022 ensnared then Regent of Langkat, Terbit Rencana Peranginangin (Golkar politician). The reason in because Terbit’s arrest reveals crimes that are more horrific than “mere” corruption. With the help and support of many people, including his own son, Terbit has consciously committed a gross violation of human rights. That said, there are two different cases revealed at around the same time. The trial of the defendants in corruption case started soon after but far from media coverage. This week, Terbit et al has been found guilty.

Latest on Corruption in Yogyakarta & Summarecon

Back in June 2022, Vice President Real Estate of PT Summarecon Agung Tbk (SMRA), Oon Nusihono, was named a suspect after being caught in a series of sting operations carried out by the Corruption Eradication Commission (KPK). Apart from Oon, there are three other suspects, including the former Mayor of Yogyakarta, Haryadi Suyuti. Inquisition process continues since then and towards the end of July 2022, KPK named Managing Director of SMRA subsidiary as new suspect, making him the fifth suspect in the case. Haryadi stands trial this week. 

Latest on the E-KTP Graft Case 

Back in 2019 the Corruption Eradication Commission (KPK) finally announced the continuation of the investigation into the case of corruption in the procurement process of the electronic identity card (E-KTP) and named four new suspects. The prolonged and half-hearted development of investigation has unfortunately lost public interest and not many care that two suspects stands trial several months ago. Far from media coverage, the defendants listen to the prosecutors demands this week.

Sidomulyo Selaras Escaped PKPU

Transportation and logistics company PT Sidomulyo Selaras Tbk (SDMU) has had a tough year. The company started 2022  facing a Suspension of Debts Payment (PKPU) lawsuit from one of its creditors. The lawsuit was later dropped, and the company underwent a management reshuffle, but the problem wasn’t over. Another creditor filed a new PKPU lawsuit. Luckily, the lawsuit was withdrawn after the court held several hearings. Now, the company is starting to set profit targets with great confidence.

Revisiting the Salt Cartel Allegation and AGO Investigation

The Attorney General’s Office (AGO) recently announced that it has investigated alleged irregularities in the provision of salt import quota since 2016 and will soon announce the progressin this case. This announcement is interesting because allegations of corruption in relation to salt industry have been around for a long time but there have been no meaningful results. While waiting for the AGO announcement, we were reminded of the alleged cartel-like practice in the salt industry which was investigated by Business Competition Supervisory Commission (KPPU) several years ago.

Latest on the Cooking Oil Hullabaloo 

Earlier this year the Attorney General’s Office (AGO) announced that they had commenced investigation into allegations of corruption at the root of the problem which caused the cooking oil shortage and price surcharge. By May, the AGO had named several suspects, then the President decided to dismiss the Minister of Trade, M Lutfi, after serving for less than two years. Trial of the defendants started several weeks ago and in the midst of all that, the Business Competition Supervisory Commission (KPPU) announced that it had escalated the investigation on alleged cartel-like practices in the cooking oil industry into the next phase and officially will examined 27 companies in Assembly hearings. The hearings will start next week.

On Corruption in Bekasi City

The Corruption Eradication Commission (KPK) had to start 2022 with a Sting Operation in the city of Bekasi. The operation was conducted only three months after KPK visited West Java and held a coordination meeting on an integrated corruption eradication program with at least 120 legislators. By now we all know that there are 26 provinces that have been recorded to have dealt with the KPK, and the first place in the ranking is occupied by West Java. The province proves that numbers don’t have any effect. The said operation ensnared dozens of people, including then commendable Mayor of Bekasi, Rahmat Effendi. Rachmat was found guilty this week. 

Trial on the AW-101 Procurement Case

Almost six years has gone by since the Corruption Eradication Commission (KPK) announced that they had named the President Director of PT Diratama Jaya Mandiri one Irfan Kurnia Saleh a graft suspect in a supposedly problematic procurement of AgustaWestland helicopter. Irfan tried to challenge the KPK’s decision in a pre-trial lawsuit, but failed. The docket of the case, however, has yet to be expedited to the stage of prosecution until last week. Irfan finally stands trial as a defendant on Oct. 12, 2022. Nothe that the Air Force, despite having named suspects in the same case, decided to terminate its investigation and inquisition process towards the end of 2021. 

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