The Government’s plan to save PT Asuransi Jiwasraya (Persero) continues after the Company’s financial statements for 2019 have been completed and audited by a public accounting firm with an Unqualified Opinion (WTP). Meanwhile, the Financial Transaction Reports and Analysis Center (PPATK) reported to the House of Representatives on September 3, 2020 that over the span of 2008 to 2020, the transactions related to Jiwasraya is worth over Rp100 trillion. 

The Attorney General's Office (AGO) has come under intense scrutiny, especially after the attempt to assist Joko Tjandra that allegedly involved law enforcers of several institutions, including the AGO. The Government and the House of Representatives have agreed to...

Last year, the Corruption Eradication Commission (KPK) conducted a sting operation and arrested several individuals, including the Regent of Talaud Islands in North Sulawesi. The operation was conducted discreetly. The proceedings of the defendants were also conducted far from media coverage. All parties were found guilty, with the disgraced Regent Sri Wahyumi Maria Manalip was punished to four years and six months in prison. The situation stayed quiet for a while, until Sri decided to go for a Reconsideration. To everyone’s surprise, the Supreme Court ruled in favor of Sri, and reduced her sentence to only two years in prison. The shocking decision is paired with the fact that the KPK cannot file another legal remedy so there is no other option besides accepting the disappointing decision. 

It has been two months since the Ministry of Finance started imposing Value Added Tax (PPN) on using intangible foreign goods and services consumed domestically through electronic system transactions (PMSE), otherwise called digital transactions. As of August 2020, six foreign companies had the duty to collect PPN. Per September 1, 2020, the number had grown to 16 companies. 

Nearly two years ago, the Indonesia Environmental Foundation (WALHI) filed a lawsuit against the Head of the Capital Investment Coordinating Board (BKPM). At the heart of the lawsuit is the Head of BKPM’s decision to grant a Production Operation Mining License (IUP-OP) to PT Emas Mineral Murni, a subsidiary of Canada-based Asiamet Resources Limited (formerly Kalimantan Gold Corporation Limited; LSE: ARS). After years of proceedings, at the stage of cassation, the Supreme Court finally decided in favor of WALHI. What will happen now?

In 2016, the Corruption Eradication Commission (KPK) successfully cooperated with the Supreme Court and ratified the Supreme Court Regulation (Perma) No. 3/2016 on the procedures for examining cases involving corporations. In 2017 the KPK named the first corporation suspect. To date, six companies have been named suspects. That said, the law enforcers are still finding it difficult to interpret and implement the terms of the Perma. Of the six suspects, only two have been found guilty.

On August 28, 2020, the Jakarta State Administrative Court (PTUN Jakarta) registered a lawsuit filed by Bambang Trihatmodjo, son of the late President Soeharto. The defendant of the lawsuit is the Ministry of Finance. What is going on?

The relationship between Bosowa Corporindo and the Financial Service Authority (OJK) is getting more complicated. We know that Bosowa actualized its lawsuit threat last week. On the same day the lawsuit was filed, the OJK removed Bosowa Corporindo’s voting rights at the Extraordinary General Meeting of Shareholders (RUPSLB) of Bank Bukopin. The RUPSLB was held on August 25, 2020, without Bosowa’s participation. Bosowa has since filed a different lawsuit at the Jakarta State Administrative Court (PTUN Jakarta), challenging OJK’s decision.

On August 26, 2020, the Central Jakarta District Court registered a lawsuit filed by PT Trinitan Global Pasifik, the shareholder of PT Sky Energy Indonesia Tbk (JSKY). Trinitan sued its business partner Hitachi High Technologies Singapore Pte Ltd, who is also a shareholder in JSKY.