Koperasi Simpan Pinjam (Kospin) Indosurya Cipta convinced its creditors to resolve its debt dispute after submitting a peace proposal on July 8, 2020. The company was able to avoid bankruptcy, but problems remain. Apart from the court proceedings in Indonesia, other creditors have tried to get their rights, attempts that have since failed. This failure then led to a lawsuit in the Singapore High Court against Henry Surya. After an intense examination at the end of April 2022, the Judge decided that the lawsuit could not be proven. Separately, Henry and two of his officials in the company were named suspects by the police. They have been detained since March 2022.

Four years ago, the Panel of Judges of the Commercial Court at the Surabaya District Court promulgated the peace agreement between PT Merpati Nusantara Airlines, the State-Owned (BUMN) airlines, and its creditors. Yet, the Government later expressed its intention to liquidate Merpati. We are now witnessing the realization of the liquidation plan. In the last week of April 2022, PT PPA filed a lawsuit at the Commercial Court of the Surabaya District Court, requesting the cancellation of the peace agreement agreed upon for Merpati. Before this lawsuit, a similar lawsuit had already been filed by the Association of Former Merpati Pilots.

After nearly two years, the investigation into the allegations of corruption in PT Asuransi Kredit Indonesia (Persero) (Askrindo) has been completed. The Attorney General’s Office (AGO) had expedited the case’s docket to the stage of prosecution three weeks ago, and court proceedings started towards the end of last week. 

The problem in the Indonesian Export Financing Agency (LPEI/Eximbank) began to cause concerns since the financial problems of the Duniatex Group were revealed. Over a year later, the Attorney General’s Office (AGO) announced that they had started an investigation into the allegations of corruption related to the institution. Still, before the AGO found suspects in the case, several hurdles occurred, and the institution finally announced an investigation into a new case: obstruction of justice. Several months have passed since then, and court proceedings have taken place.

Trial of corporate suspects in the corruption case involving State-owned insurance company PT Asuransi Jiwasraya (Persero) continues. Several companies have been found guilty, some have decided on appeals, and the remaining corporate defendants are still waiting their turn.

Three years ago, the Corruption Eradication Commission (KPK) uncovered a corruption case involving the President Director of State-owned fisheries services company Perum Perindo. It took the KPK a year to punish all parties involved in said case. But that’s not the end of Perum Perindo’s woes. Last year, the Attorney General’s Office (AGO) announced an investigation and inquisition into the company and named six suspects, including former officials of the Perum. The trial of one of the suspects began last week.