Textile giant PT Sri Rejeki Isman Tbk (SRIL or Sritex) and its subsidiaries have had a tough year. After facing various lawsuits for Suspension of Debt Payment (PKPU), with threat of being delisted from the stock exchange and finally having to restructure its debts, on Jan, 21, 2022, the group was able to convince its creditors and resolved the dispute. 

We recently learned that the Ministry of Environment and Forestry has long been monitoring and enforcing the law in Batam against the perpetrators of the destruction of protected forests. Some of the perpetrators have been convicted.

The Ministry of Environment and Forestry’s effort to force the perpetrators of the 2019 forest fires to take responsibility for the fires that occurred in their concession areas continue to this day. Recently, the Ministry filed two lawsuits against two companies in two different district courts, one of which is PT Rafi Kamajaya Abadi (PT RKA), part of Terengganu-owned TDM Berhad.

It has been over four years since the Corruption Eradication Commission (KPK) first announced its investigation into allegations of corruption involving State-owned insurance company PT Asuransi Jasa Indonesia (Jasindo). The lengthy process of investigation and inquisition has finally come to an end after the last two defendants in the case were found guilty this week. 

The trials of the suspects involved in the PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia (PT ASABRI) corruption scandal will be over soon. In contrast to the revelation of the case that seemed so extraordinary, the trials went along quietly. The matters examined in the trials were no longer of interest to the public, except when the Prosecutors decided they could indict one of the defendants, Heru Hidayat, with the death penalty. On Jan. 18, 2022, the Panel of Judges decided that Heru Hidayat is guilty, but the punishment given is zero prison term. What does it mean?