PT Sawit Mandiri Lestari v. Customary Community of Laman Kinipan
A video showing the Police dragging the Chief of the Laman Kinipan Indigenous Community in Central Kalimantan one Effendi Buhing was widely circulated on August 26, 2020. The Police arrested Effendi on suspicion of violent theft. Some, however, suspected that the Police had brought Effendi in because of a land conflict between the indigenous people and PT Sawit Mandiri Lestari (PT SML). This incident is unfortunate given that the administration of President Joko “Jokowi” Widodo had promised to pay more attention to indigenous communities.
On Jiwasraya’s Graft Case: IDX and OJK Responsibilities
The trial of the Jiwasraya case continues. On August 24, 2020, the prosecutors summoned several witnesses, including former President Director of PT Bursa Efek Indonesia (BEI/IDX) one Erry Firmansyah. Erry’s relationship with suspect Heru Hidayat goes back to before he served in BEI. Meanwhile, the President Director of PT Batutua Waykanan Minerals clarified several things related to the Company’s link to Heru Hidayat.
Bank Bukopin: Bosowa Corporindo v. OJK
The relationship between Bosowa Corporindo and the Financial Service Authority (OJK) is getting even tenser. The Company actualized its lawsuit threat earlier this week, but the day after, it had to face new problems. The OJK removed Bosowa Corporindo’s voting rights at the Extraordinary General Meeting of Shareholders (RUPSLB) of Bank Bukopin, held on August 25, 2020.
On Corruption in the KPU: Verdict for Wahyu Setiawan
The trial of the former Commissioner of the General Election Commission (KPU) Wahyu Setiawan, who allegedly abused his authority and received grafts, is finally over. During the hearing held on August 24, 2020, Wahyu was found guilty and punished to six years imprisonment. Wahyu, however, failed to become a Justice Collaborator, as expected. The Corruption Eradication Commission (KPK) also never agreed with the request, stating that Wahyu should have cooperated since the beginning of the inquisition stage, but apparently he did not. Now that Wahyu has been sentenced and the KPK demanded his cooperation, we wonder what will happen next. Note that the source of the problem, a PDIP politician Harun Masiku, is still nowhere to be found.
KPK and Regional Assistance
Last week the Corruption Eradication Commission (KPK) released its performance report for the first half of 2020. In addition to focusing on assisting the National Economic Recovery program (PEN) due to COVID-19, the KPK claims to have saved up to Rp10.4 trillion potential losses on regional finances. However, unfortunately, the public does not know much about this function that the KPK has.
Omnibus Law: Agreement with Labor Union?
Towards the end of last week, representatives of 16 workers unions (SP/SB) reportedly agreed to support the deliberation of the Omnibus Bill on Job Creation. But there’s a catch.
On Jiwasraya’s Graft Case: State Investment and Trial Update
The Government has been planning to establish an insurance holding and save PT Asuransi Jiwasraya (Persero). The authorized State-Owned Enterprise to lead the sector is PT Bahana Pembinaan Usaha Indonesia (Persero) (BPUI). The plan is listed in the National Economic Recovery Program (PEN), following the COVID-19 outbreak. The Government would establish a subsidiary and provide a State Capital Injection (PMN) to save Jiwasraya. Meanwhile, the trial of the Jiwasraya graft case continues.
Latest on MCOR Cessie Dispute: Supreme Court Decision
It has been a while since the last time we reported on the dispute over the loan agreement provided by a syndicate of banks led by PT Bank PDFCI to PT Geria Wijaya Prestige (controlled by the Karjadi family). The agreement turned into a complicated maze of legal battles in both civil and criminal realms. It has produced dozens of conflicting court verdicts. Two of the Karjadi brothers were named suspects in a criminal case for allegedly committing fraud as a result of a police report submitted by Artha Graha patron Tomy Winata. They were found guilty on January 22, 2020, only to be released several months later by the High Court. Recently we learned that the Supreme Court had overturned the High Court’s decision, and one of the Karjadi brothers said they would file a Reconsideration.
COVID-19 Outbreak: KPK’s Midyear Performance
Several months ago we reported on the performance of the Corruption Eradication Commission (KPK) under the new leadership. The focus was on the function of the KPK with additional supervision from its Supervisory Board (Dewas). On August 18, 2020, the KPK announced its Performance Report for the first Semester of 2020.
Kris Wiluan’s Resignation and A New Problem for KS Energy
Less than two weeks ago, various media outlets began covering the proceedings faced by Kris Taenar Wiluan—the Executive Chairman and CEO of KS Energy Limited (SGX:578) (KSE)—and his aide. At the time, KSE announced that it would still keep Kris in his position. Nevertheless, a new problem emerged, and Kris filed his resignation.