The Troubled KSP Intidana
KPK latest Sting Operation revealed a confusing and prolonged dispute within KSP Intidana. Two of the suspects named by the KPK were part of Intidana, but why they insisted to seek for Intidana bankruptcy?
Corruption in the Supreme Court
In the past fifteen years, there have been a dozen judges at various levels of the court, including the Constitutional Court, who have faced the Corruption Eradication Commission (KPK). Since 2018, interestingly, this trend has begun to decline, so we think that the KPK’s efforts so far have finally really provided a deterrent effect. However, unfortunately, similar crimes continue to occur. Towards the end of last week, the KPK conducted its latest Sting Operation and named 10 suspects, including Justice Sudrajad Dimyati, making him the first Supreme Court Justice to be ensared by the KPK.
Onix Capital Escape Lawsuit
The troublesome PT Onix Capital Tbk (OCAP) is in its darkest place for several years now. The company has been suspended from trading activities for too long and face all kinds of bad possibilities, including delisting. To make matters worse, the company must face...
Law on Personal Data Protection
The Bill on Personal Data Protection (RUU PDP) – which was agreed to become Law during the plenary deliberation on Sept. 20, 2022, is long awaited. This decision received a lot of praise, especially considering the Government has been and is facing various cyber attacks in recent years.
New Case against Kresna Life
In November 2020, PT Asuransi Jiwa Kresna (known as Kresna Life linked to PT Kresna Graha Investama Tbk – KREN) was sued by one of its clients. Within less than a month, the Company was forced to restructure its debts in a period of Suspension of Debts Payment (PKPU).
Latest on Corruption in Jambi
It has been five years since the corruption scandal in Jambi was uncovered. Since then, dozens of parties have been convicted including the disgraced Governor, Zumi Zola. However, the Corruption Eradication Commission (KPK) is not done with the province. Recently, the KPK announced they had named 28 new suspects in the development of the case. What a mess.
PUPN and Bad Debtors
The Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) continue working despite a lot of resistance. In doing their job, the Satgas received help from other parties including State Receivable Affairs Committee (Panitia Urusan Piutang Negara – PUPN). However, despite its importance, PUPN have a weak authority. That said, the Government recently issued Government Regulation (PP) No. 28/2022 to strengthen the duties and authorities of PUPN.
KPPU Investigation on Google Play Store
The policy changes to the Google Play Store that took effect from June 2022 have a bad impact. Several new provisions trigger research initiatives from the Business Competition Supervisory Commission (KPPU). Towards the end of last week, KPPU announced that it has officially started an investigation into allegations that Google and its subsidiaries have abused their dominant position, conditional sales, and committed discriminatory practices in the distribution of digital apps in Indonesia.
Latest on Corruption in Kolaka Timur
The Corruption Eradication Commission (KPK) conducted five sting operations in 2021. One of them was the sting operation that ensnared the Regent of Kolaka Timur, Andi Merya Nur (NasDem). However, the problem in the regency is not that simple. The KPK dig deeper and announced a development of investigation. Soon, Andi Merya was named as a suspect in the second case for allegedly bribing an official at the Ministry of Home Affairs. The Regent’s attempt to take advantage of the Regional National Economic Recovery (PEN) funds is at the heart of the case. Towards the end of last week, Andi Merya trial on the second case started.
Lawsuit against Mardani Maming
The former Regent of Tanah Bumbu who is also a suspect of the Corruption Eradication Commission (KPK), Mardani H Maming, faces a new lawsuit. In addition to Mardani, there are three parties who got sued in the same lawsuit related to a Mining Business License (IUP). The plaintiff asked for compensation of more than Rp4 trillion.