The Business Competition Supervisory Commission (KPPU) recently read their decisions on a case implicating PT Nippon Indosari Corpindo Tbk (ROTI), producer of fresh bread with the brand Sari Roti. The KPPU deemed the Company guilty for delays in giving notification of acquisition of PT Prima Top Boga.

The disgraced Governor of Jambi Zumi Zola read his defense plea last week, Various national media outlets were focused on how the religious and handsome former actor wept while reading his plea. Only a few discussed the proceeding wherein Zumi claimed to have used graft money to bribe Attorney General’s Office officials in order to change the Head of the Jambi High Prosecutors’ Office. The Attorney General H.M. Prasetyo had since furiously denied that such a thing ever happened.

The Corruption Eradication Commission (KPK) made the Governor of Aceh Irwandi Yusuf a suspect of bribery following the sting operation conducted in July 2018. Other than Irwandi, the KPK also named three other suspects in the case. By October 2018, the KPK announced that they had named Irwandi a suspect in an additional case. Irwandi’s trial began on November 26, 2018, and we get learned more about the said case. Defiant, Irwandi told the Press after the hearing that the KPK’s indictment and charges were byproducts of hallucinations.

PT Sumber Electrindo Makmur, operator of Electronic Solution outlets, entered their period of Suspension of Debts Payment (PKPU) in August, 2018. The Company has recorded a total debts of Rp560 billion. The Company had promised to pay their debts, but they need a capital injection and therefore they need more time to find new investors. Last week, the majority of the Company’s creditors agreed to give 160 days of additional time.

In addition to disputes between the management of the Company, we all know that PT Tiga Pilar Sejahtera Food Tbk (AISA) and several of its subsidiaries were forced to restructure their debts. The process is ongoing. Recently, the subsidiaries asked for time extension in their respective period of Suspension of Debts Payment (PKPU).

The Board of Commissioners of PT Tiga Pilar Sejahtera Tbk (AISA) held the Extraordinary Meeting of Shareholders (RUPSLB) on October 22, 2018 and elected a new Board of Directors to lead the Company. Since then, we barely heard of anything about the ongoing disputes in the Company, and the two sides of management who aggressively conducted media war had been very quiet. But the silence did not last long because last week, the new management of the Company filed a tort lawsuit against the previous management lead by Joko Mogoginta. This time, the new management accuses Joko et al of embezzling the Company’s money to buy shares in PT Arbe Styrindo and PT ABS Industri Indonesia. The lawsuit is surprising because what we all know so far is that the two mentioned companies are related to South Korea-based Lotte Advanced Materials Co.

We briefly looked at the profile of the “disputed” parties in the previous article related to this dispute. The public subpoena was published at the end of October 2018. What is going on? At the time, we did not immediately review the case because we wanted to try and...

Last month, a national newspaper published a subpoena issued by one Hendra Basoeki and his extended family against one Anthoni Salim (Liem Hong Sien, son of Sudono Salim) and one Benny Setiawan Santoso, an executive of the Salim Group. The subpoena did not gain much attention, but given the names mentioned we wonder what had happened. But first, let’s take a look at the names.

After over a year of investigation and inquisition, the Corruption Court of the Central Jakarta District Court held the trial of PT Duta Graha Indah (DGI) (now PT Nusa Konstruksi Enjiniring Tbk – DGIK) on October 11, 2018. Last week, the prosecutors read their demands for the Company.