On Nov. 27, 2020, the Central Jakarta District Court registered a tort lawsuit filed by the troubled PT Gunung Bara Utama (PT GBU), a subsidiary of PT Trada Alam Minera Tbk (TRAM). There are three defendants listed, including PT Rimba Raya Lestari (PT RRL), who is also surrounded by problems. 

In June 2020, PT Grama Bazita, a part of the Grama Bazita Group that provides services in the engineering sector, filed a Suspension of Debt Payment (PKPU) lawsuit against CNQC-MTRA JO, PT Mitra Pemuda Tbk (MTRA), and Qingjian International (South Pacific) Group Development Co Pte Ltd. On Nov. 9, 2020, the PKPU process failed to reach agreement and the defendants were declared bankrupt. The bankruptcy process has begun and creditors are required to submit their bills by Dec. 8, 2020.

On Nov. 27, 2020, the Corruption Eradication Commission (KPK) held a Sting Operation and arrested dozens of individuals, including the Mayor of Cimahi Ajay Muhammad Priatna (PDIP). Ajay was immediately named a suspect for accepting Rp1.6 billion in grafts. Ajay is the third Mayor of Cimahi since the municipality was established in 2001, and he is also the third mayor ensnared in a case of corruption.

On Nov. 25, 2020 the Commercial Court at the Central Jakarta District Court registered a lawsuit on Suspension of Debt Payment (PKPU) against PT Net Mediatama Televisi (NET TV). The lawsuit filed by one Bambang Sutrisno Kusnadi is intended for a debt restructuring process in the company. Unfortunately the court has not disclosed more information. NET TV, meanwhile, has already released its statement. 

The Minister of Marine and Fisheries Edhy Prabowo (Gerindra) was caught red-handed by the Corruption Eradication Commission (KPK) in a Sting Operation conducted at dawn on Nov. 25, 2020. Edhy was arrested along with 17 individuals, including his wife who is also a Gerindra politician. The allegation of corruption is related to the controversial export of lobster seeds.  The KPK named seven suspects in the case, including Edhy, but two suspects are still wanted. On Nov. 26, 2020, the remaining suspects turned themselves in. We finally learned the chronology. 

Bosowa Corporindo is in a feud with the Financial Service Authority (OJK). It also has a dispute with Qatar National Bank. Excluding the dispute involving foreign parties, all of the other disputes are being examined in court at the same time. Related to the dispute...

The Minister of Marine and Fisheries Edhy Prabowo (Gerindra) was caught red-handed by the Corruption Eradication Commission (KPK) in a Sting Operation conducted at dawn on Nov. 25, 2020. Edhy was arrested along with 17 individuals, including his wife who is also a...

Back in Aug. 2020 the Government issued Government Regulation (PP) No. 43/2020, which amended the PP No. 23/2020. In the regulation, President Joko “Jokowi” Widodo notes that regional governments could submit a loan proposal to the Minister of Finance to support the economic recovery program—a copy of the proposal must be submitted to the Minister of Home Affairs. The Ministry of Finance is responsible for implementing the regulation. Recently, the regulation was amended to Ministerial Regulation (PMK) No. 179/2020.

Towards the end of 2020, the Government noted that the realization of the utilization of the National Economic Recovery (PEN) funds had only reached a little more than 50 percent. Several things have hampered the realization, including the fear felt by State officials of corruption allegations. This fear has always been a matter of discussion, yet it hasn’t been resolved.

Koran Tempo reported few hours ago that Edhy Prabowo, minister of maritime and fisheries affairs, who is politician from Gerindra Party led by Prabowo Subianto, has been arrested by the Corruption Eradication Commission (KPK) in a corruption case related to export of lobster.