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 Luckily, the lawsuit was withdrawn after the court held several hearings.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.

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.

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.

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. 

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. 

The Ministry of State-Owned Enterprises (BUMN) plan to inject more capital (PMN) to three BUMNs using financing reserves for the 2022 State Budget (APBN), the plan was conveyed after the House of Representatives agreed to the MInistry's proposal on provision of PMN to...

Presidential Regulation (Perpres) No. 112/2022 was published last month. Not much attention is given, but the provisions of this Perpres will have an impact in the future. In addition to increasing investment, Perpres 112 also aims to accelerate the achievement of the...

PT Asa Karya Multipratama (PT AKM), a low profile private company, filed a lawsuit against Sime Darby Plantation Berhad and three other parties back in March 2022. In the lawsuit, the company demanded compensation in the amount of nearly Rp6 trillion including...

It has been over five years since we first reported on the allegation of corruption in the procurement for the construction of the Institute of Public Administration's (IPDN) faculty building in Agam, West Sumatera. What began as a simple case turned into a massive...

Earlier this year, the Attorney General’s Office (AGO) announced the progress related to the alleged corruption case at the insurance firm Taspen Life and named two suspects. In the chronology of the case described, familiar names was mentioned. The inquisition stage continue far from media coverage and recently we learned that the case had been registered to the court.