Law Journal
The KPK has revealed the name of one of the politicians whose house was raided last week related to Amin Santono’s Budget Mafia case. He is one Puji Suhartono, the deputy treasurer of PPP. KPK is yet to confirm the name of the other politician, but the examination continues. So far into this week the KPK has examined several officials from several different regional governments. In other case, the Panel of Judges of the Commercial Court of the Central Jakarta District Court who examined the PKPU lawsuit filed against PT Tiga Pilar Sejahtera Food Tbk (AISA) finally decided to accept the power of attorney held by the legal counsels assigned by Joko Mogoginta et al and to move forward with the trial.
Revisiting Corruption in Indonesian Embassy in Kuala Lumpur
Convict Dwi Widodo, former Immigration Attaché of the Indonesian Embassy in Kuala Lumpur, Malaysia, was found guilty of taking illegal levies on passport arrangement. He’s been sentenced to jail, but questions remain.
Corruption Journal
The Corruption Court of the Central Jakarta District Court recently listened to the prosecutors’ demands for the former Regent of Hulu Sungai Tengah (HST) Abdul Latif, who was arrested in a Sting Operation back in January 2018. The same court also recently registered a new case with one Made Meregawa as the defendant. Made was convicted in a case related to Nazaruddin’s Permai Group scandal. Apart from the aforementioned trials, we learned that the Regent of Central Lampung one Mustafa was convicted several weeks ago, and yet he remains regent to this day.
Ongoing Examinations in the KPPU under New Leadership
Under a new leadership the Business Competition Supervisory Commission (KPPU) continue the examination of cases that have been halted for a while. Last week, the Commission held the hearing on the case of alleged delay in notification of acquisition of PT Cipta Multi Prima’s shares by PT Darma Henwa Tbk (DEWA). Other than that, the KPPU also investigate and examine dozens of other cases.
Law Journal: On MCOR’s Cessie Dispute and PKPU for Alvindo Wahana Trading
After news broke that Tomy Winata had filed a police report against Hartono Karjadi in Bali, news emerged that Fireworks Ventures Limited had also filed a police report against the board of directors of PT Bank China Construction Bank Indonesia Tbk (MCOR). The series of police reports are related to one case, i.e.,the disputes over the debt-claiming rights (cessie) involving PT Geria Wijaya Prestige (GWP). The case is getting even more interesting. Note that the last time Fireworks filed their police reports, two were named suspects by the police. In a different but also complicated case, PT Bank Negara Indonesia (Persero) Tbk was finally able to force PT Alvindo Wahana Trading to restructure its debts as the Panel of Judges granted their petition for Suspension of Debts Payment (PKPU).
Corporate Graft Suspect: Revisiting DGIK
Shares of EPC firm PT Nusa Konstruksi Enjiniring Tbk (DGIK) Tbk inched up 2% to Rp52 last Friday to make a market capitalization of Rp287 billion, not even half of its equity (Rp790.9 billion by June 30, 2018). It is true that both sales revenues and net profit dropped significantly in the first half of 2018. Investors have dumped the shares because of financial risks related to the graft case being investigated by authorities. DGIK is the first corporation named corruption suspect by KPK.
Revisiting Edward Soeryadjaya’s Graft Case
The Corruption Court at the Central Jakarta District Court continued the trial of Edward Soeryadjaya, who was named suspect by the Attorney General’s Office on the allegation of his involvement in the graft case at Dana Pensiun Pertamina, a pension fund of state oil and gas company Pertamina, which invested significantly in the troubled oil and gas company PT Sugih Energy Tbk (SUGI). Soeryadjaya is main partner of KKR-funded Mandala Energy Lemang Pte Ltd in Lemang production sharing contract (PSC) block.
Court Mafia: Tangerang Bribery Case
The Corruption Eradication Commission (KPK) conducted Sting Operation in the evening of March 12, 2018 and named several people as suspects in the case of alleged bribery, including a registrar and a judge of the Tangerang District Court in Banten. Last week, the trial of the former officials was held to listen to the prosecutors’ demands.
Kideco Jaya Agung v. Government: Explanations
On July 4, 2018, we published an article reporting a lawsuit registered by the Jakarta State Administrative Court (PTUN Jakarta). The lawsuit in question at the time was filed by PT Kideco Jaya Agung, coal producing subsidiary of Indika Energy (INDY), against the Ministry of Environment and Forestry and the Head of the Capital Investment Coordinating Board (BKPM). On August 1, 2018, we received explanations on the lawsuit from the Company.
Another Problem for AISA (vs Sinarmas) and Kalimass Jaya’s Case
The mayhem happened during the General Meeting of Shareholders (RUPS) of PT Tiga Pilar Sejahtera Food Tbk (AISA) caused another problem as the creditors who filed PKPU lawsuit against the Company refused to acknowledge the legal counsels who attended the initial hearing held on July 31, 2018. Meanwhile, in a less complicated case, the Commercial Court at the Surabaya District Court decided to deny the objection submitted by CV Kalimass Jaya Utama, and, accordingly, proceeded to the next step of the trial.