PT Sunprima Nusantara Pembiayaan (SNP Finance) was bankrupt per October 2018, but as we all know, besides the debts dispute, the Company is also subject to police investigation for allegedly embezzling the credit facilities it received from 14 banks. The police reportedly had expedited the docket of the first batch of suspects to the Attorney General’s Office on the first week of November 2018 but to this day, there has not been much progress on the investigation and inquisition.

The Budget Mafia case that the Corruption Eradication Commission (KPK) uncovered back in March 2018 left many speechless. The investigation, inquisitions, and court proceedings revealed that the parties involved in the case used the same modus operandi in as many as ten regions. They had offered regional leaders help in managing Special Allocation Funds (DAK) and Regional Incentive Funds (DID). The trials of the defendants ended almost two weeks ago. All four were found guilty of corruption but the KPK is not done yet. Last week, the KPK announced that they had developed a new investigation. Two suspects were named. This time, the case concerns the regency of Arfak Mountains in West Papua.

Last week, the Commercial Court of the Central Jakarta District Court registered a lawsuit on Suspension of Debts Payment (PKPU) filed by two companies against PT Kedaung Oriental Porcelain Industry (Kopin), part of the Kedaung Industrial Group (KIG). The lawsuit caught our attention because it is the third PKPU lawsuit filed against Kopin within less than two months.

It’s been a busy month for the Business Competition Supervisory Commission (KPPU). We all know that they began 2019 ambitiously. They recently published several decisions on  the cases that they have been investigating since 2017. The past two weeks was especially important. The KPPU continued the trial of the cartel-like practices in the industrial salt sector. They read the decision on the last case of 2017, and will soon read another decision related to a case in Central Kalimantan.

Three months after the first hearing, on February 6, 2019 the Corruption Court of the Semarang District Court finally read the verdict for the disgraced Regent of Purbalingga one Tasdi. Tasdi was caught receiving bribes in a sting operation held back in May 2018. With the said verdict, all defendants in the case have been convicted, but the case has left some questions to be answered.

After two months of trial, the Corruption Court of the Central Jakarta District Court finally listened to the prosecutors’ demands for Eni Maulani Saragih, the former Deputy Chairman of the House Commission VII of the House of Representative (Golkar), who is now a defendant in the case of corruption related to the construction of the Riau Power Plant.

On February 2, 2019, a shocking news came from the Corruption Eradication Commission (KPK). Two of its investigators who were on duty at Borobudur Hotel were reportedly assaulted by a group of people. The incident took place around the same time the Papua Provincial Government held a meeting with the Ministry of Home Affairs. The meeting was also attended by the province’s DPRD. The KPK gave their side of the story moments after filing an official report to the police. The perpetrators of the incident are allegedly the provincial government’s staffs. But the provincial government quickly denied the allegation and filed their own police report on allegation of defamation. There are now two different versions of the story.

The Corruption Eradication Commission (KPK) recently named the Regent of East Kotawaringin in Central Kalimantan one Supian Hadi (PDI-P) a graft suspect who had allegedly abused his authority in the granting mining licenses for three companies. National media outlets reported the investigation as it is, but there are more to the case that we need to pay more attention to. First, one of the companies mentioned in the case is PT Billy Indonesia, the same company mentioned in the case that brought down the disgraced Governor of Southeast Sulawesi one Nur Alam (PAN). Second, the owner of the other two companies is reportedly the current Regent of Lingga in the Riau Islands one Alias Wello (NasDem).

PT Bank Oke Indonesia (previously PT Bank Andara) was able to force PT Mandiri Finance Indonesia to restructure its debts after the Panel of Judges of the Commercial Court at the Central Jakarta District Court granted the lawsuit of Suspension of Debts Payment (PKPU) filed by the Bank on the second day of 2019. Mandiri Finance is now in their temporary PKPU period.

Towards the end of 2018, PT Express Transindo Utama Tbk (TAXI) was confronted with a lawsuit on Suspension of Debts Payment (PKPU) filed by Dana Pensiun (Dapen) Mitra Krakatau. The lawsuit was revoked after the Company and its creditors reached an agreement. Several days after the lawsuit was revoked, another PKPU lawsuit was filed against the Company. The said lawsuit was also revoked. After that, however, another PKPU lawsuit against the Company was registered.