Development on Corruption in South Sulawesi
Once praised for his anti-corruption image and intellect, the disgraced Governor of South Sulawesi, Nurdin Abdullah, and his accomplice were found guilty of graft in separate hearings held towards the end of 2021. The decisions, however, was not the end. The Corruption Eradication Commission (KPK) continued investigating and found entrance to another case of corruption involving four auditors of the Supreme Audit Agency (BPK). The KPK named five new suspects in the case, and this week the auditors are detained.
Kospin Indosurya Bankruptcy
Nearly three years ago, problems within Koperasi Simpan Pinjam (Kospin) Indosurya Cipta were exposed. Initially, the Kospin was able to resolve their debt dispute with peace agreement, but police investigation found that the executives committed crimes in running the business, three suspects were announced. Far from media coverage, recently, we learned that the peace agreement was annulled by the court and dockets of the suspects in criminal case had been completed. With latest development, the most important thing is, will the clients’ money be returned?
PKPU for Sidomulyo Selaras
Transportation and logistics company PT Sidomulyo Selaras Tbk (SDMU) is going through a tough year. The company started 2022 by facing a Suspension of Debts Payment (PKPU) lawsuit from one of its creditors. The lawsuit was later dropped, and the company underwent a...
PKPU for Biotis, again
Entering the third year after the COVID-19 outbreak, the situation has worsened for several industries, including in vaccine production. Earlier this year we reported that the Commercial Court at the Central Jakarta District Court registered a lawsuit filed by a...
Lawsuit against Rennier Abdul Rahman
PT BRI Danareksa Sekuritas recently filed a lawsuit against familiar names including Rennier Abdul Rachman Latief. The lawsuit is interesting because Rennier has been mentioned as being involved in several corruption cases, including the ongoing ASABRI scandal. In a...
Latest on the Revocation of IUP
The Ministry of Investment (BKPM) has revoked thousands of Mining Business Permits (IUPs) this year. Said move received a strong reaction. Many wondered why the BKPM led the process, not the Ministry of Energy and Mineral Resources. Some resorted to legal actions...
On the Cooking Oil Scandal : Anticipating the Upcoming Trials (2)
The Attorney General's Office (AGO) moves very fast in uncovering the corruption allegation which supposedly caused the cooking oil shortage in the country. The dockets of all suspects had been expedited to the stage of prosecution just three months after inquisition...
On the Cooking Oil Scandal : Anticipating the Upcoming Trials (1)
The Attorney General's Office (AGO) announced at a press conference held several months ago that they are investigating allegation of corruption which caused the shortage of cooking oil and resulted in the unreasonable price increase. Soon, the AGO named suspects,...
The Rantau Utama Bhakti Case
Last week, the Directorate of Economic and Specific Crimes at the National Police's Criminal Investigation Unit (Bareskrim POLRI) named three executives from PT Rantau Utama Bhakti Sumatera (PT RUBS) as suspects in a case of alleged embezzlement of company shares....
Chasing Surya Darmadi
Continuous pressure from the Attorney General’s Office (AGO) continuous pressure on businessman Surya Darmadi, owner of Duta Palma Group, worked well. Surya finally returned to Indonesia in the late afternoon on Aug. 15, 2022 after being on the wanted list for nearly...