Corruption Journal
Director of PT Multicon Indrajaya Terminal (MIT) Hiendra Soenjoto, who is standing trial for allegedly bribing the former Secretary of the Supreme Court Nurhadi, had heard the prosecutors demands recently after only two months of proceedings far from media coverage. We still hope the Corruption Eradication Commission (KPK) will continue developing the case after Hiendra’s trial is over. Separately, the case of corruption in Jambi is reaching the finish line as the last batch of defendants is facing the court verdicts.
BUMN and Erick Thohir
Erick Thohir, the Minister of State-Owned Enterprises (BUMN), is under a bright spotlight. The Business Competition Supervisory Commission (KPPU) expressed concern over the Ministerial regulation that allows the Board of Commissioners and Supervisory Board of a BUMN to hold positions in companies other than BUMN concurrently.
Taxing Digital Transactions
Indonesia's Ministry of Finance continues to work on collecting tax in digital transactions on products and services sold to customers in Indonesia. Recently, Minister of Finance Sri Mulyani explained why the Government was pursuing taxation on digital transactions....
Corruption Journal
The President Director of Sentul City Kwee Cahyadi Kumala, a.k.a. Swie Teng, was found guilty for being involved in the corrupt conversion of forest area implicating the former Regent of Bogor Rachmat Yasin. Rachmat completed his sentence and was released from prison...
Rizieq Shihab and Contempt of Court
The East Jakarta District Court finally held the first hearing of Rizieq Shihab’s trial. The trial of the supreme leader of the disbanded hardline Muslim group FPI had to be suspended several times because the defendant and his supporters showed their antics. The Panel of Judges still asked Rizieq to submit his objection by March 23, 2021.
On the Montara Oil Spill Case: Victory for the Farmers
It has been over eleven years since the Montara H1-ST1 wellhead caught fire in 2009. The incident supposedly caused environmental damages to Indonesia’s coast. The companies involved in the case insisted on their innocence. Representatives of the affected people and farmers decided to file a class-action lawsuit in the Australian Federal Court. In Indonesia, the Government also tried several means to demand the parties to be held accountable. The proceedings ended last week with a very satisfying result.
On the Cirebon Graft Case: Hyundai and Japan Funding
The investigation into the case of corruption in Cirebon is ongoing, although the key actor in the case, the former Regent of Cirebon Sunjaya Purwadisastra, had been found guilty. As previously reported, it is necessary to continue investigating because there is one remaining suspect to be prosecuted. While the case does not receive much attention in the country, it causes a stir in both South Korea and Japan because the last suspect is a General Manager of Hyundai Engineering & Construction at the time of the incident. The project under investigation is the Cirebon 2 power plant, whose construction is funded mainly by Japanese corporations.
On the Cirebon Graft Case: The Latest Trial
The Corruption Eradication Commission (KPK) uncovered a graft case involving the then Regent of Cirebon Sunjaya Purwadisastra in 2018. Several people were named suspects, including an employee of Hyundai Engineering & Construction. Sunjaya was found guilty, and the trial of one of the bribers started recently. We need to note that while the case does not receive much attention in Indonesia, it causes a stir in both South Korea and Japan.
2021 PKPU/Bankruptcy Journal
The economic consequences of the pandemic still linger. The year 2020 was full of bankruptcy lawsuits and petitions for debt restructuring (PKPU). This year looks to be the same. In March 2021, the Commercial Court of the Central Jakarta District Court registered lawsuits against several well-known companies.
CNKO v. Sinar Mas
Last week the Chief Commissioner of PT Exploitasi Energi Indonesia Tbk (CNKO) Andri Cahyadi filed a police report against Indra Widjaja, son of the late Eka Tjipta Widjaja who is also the chief commissioner of PT Sinarmas Sekuritas. Apart from Indra, Andri also made...