PT Pulau Seroja Jaya, a coal transportation services company, has on January 22, 2021 filed a bankruptcy lawsuit against PT Pinang Export Indonesia, subsidiary of the troubled SGX-listed commodities trading Noble Group, to the Central Jakarta District Court.

On Jan. 20, 2021, the Commercial Court of the Central Jakarta District Court registered a lawsuit for Suspension of Debts Payment (PKPU) against PT Bumi Hasta Mukti (PT BHM). The Court did not publish more information about the lawsuit, but this is not the first time the Company must deal with legal issues. Within the last three years, there are already three PKPU lawsuits filed against the Company. PT BHM managed to avoid bankruptcy until today, but can it escape the latest lawsuit as well?

The Attorney General’s Office (AGO) strikes again. The AGO is investigating allegations of corruption involving the Social Security Agency for Employment (BPJS Ketenagakerjaan or BPJS-TK). There are allegations that what happened in Jiwasraya has also happened in BPJS-TK. The Minister of Manpower and BPJS-TK firmly dismissed the allegations, but many think that the AGO is trying its luck.

The lawsuit on Suspension of Debt Payment (PKPU) filed by PT Acset Indonusa Tbk (ACST) against  PT China Sonangol Media Investment (PT CSMI) in November 2020 was granted. PT CSMI is now in a period of temporary PKPU and is set to draft a peace proposal until February...

The Corruption Eradication Commission (KPK) begins 2021 by announcing an investigation into a new case of corruption. What’s interesting about this announcement is that the case concerns two non-ministerial, state institutions, whose roles are important but barely known to the public. The two institutions in question are the National Aeronautics and Space Institution (LAPAN) and the Geospatial Information Agency (BIG). The KPK conducted an examination on Jan. 20, 2021. After that, they announced two suspects.

Last year was a challenging year for Pollux Group. In addition to financial difficulties, the Group had to face many lawsuits, mostly seeking debt restructuring (PKPU). Although the Group escaped some of the lawsuits, the start of 2021 is not any better. So far, four PKPU lawsuits have been filed against the Group. In addition to that, PT Pollux Aditama Kencana (PT PAK) is also in a dispute. 

Andi Irfan Jaya, the one who supposedly helped Prosecutor Pinangki Sirna Malasari in the conspiracy to help Joko Soegiarto Tjandra outwit the law, was found guilty. The Panel of Judges handed him heavier sentences compared to what the prosecutors demanded. However, questions remain. Separately, Pinangki could not read her defense plea as scheduled due to personal reasons. We are also still waiting for the verdict on Joko and the two police generals (Prasetijo Utomo and Napoleon Bonaparte) in the case of bribery. Recently, Napoleon submitted several pieces of evidence, which caused more confusion.

After several months of examination, on Jan. 15, 2021, Business Competition Supervisory Commission (KPPU) read their decision on the predatory pricing case involving PT Conch South Kalimantan Cement. As expected, the KPPU found Conch South Kalimantan guilty and slapped the Company with a fine of Rp22.3 billion.

PT Bukit Muria Jaya (BMJ), member of Djarum Group, has agreed to pay a fine of US$1.56 million and enter into a deferred prosecution agreement with the US Justice Department for conspiring to commit bank fraud in connection with the shipment of products to North Korean customers. BMJ, which produces cigarette paper and other specialty papers, has also entered into a settlement agreement with the US Treasury Department’s Office of Foreign Assets Control (OFAC).