PKPU Journal: Merpati Airlines’ PKPU, and Molucca Holdings’ Lawsuit
PT Merpati Nusantara Airlines’ period of Suspension of Debts Payment (PKPU) had entered the stage of verification of bills submitted by the creditors. The PKPU team of administrators have reportedly received bills of receivables amounting to nearly Rp10 trillion from hundreds of creditors, but the amount is not fixed yet. In a separate case, Luxembourg’s Molucca Holdings S.à.r.l., recently filed a PKPU lawsuit against PT Pelita Cengkareng Paper, a foreign-investment (PMA) paper company.
KPK and the Borrowed Investigators (Part II)
Back in late October 2017, the Chief of Corruption Eradication Commission (KPK) said that they had returned two investigators from the Police to their institutions because the two officers had tampered with evidence. This week, there were reports that one of the officers mentioned had been promoted to a higher position after the Professional and Security Division (Propam) of the National Police found that the officer did nothing wrong. Not only that, other officer was also given the opportunity to continue his education to improve his career path. Propam’s findings made us recall the two senior prosecutors who were allegedly involved in a case of “attempted” bribery in connection to the PT Brantas Abipraya graft case. The two prosecutors were also found innocent and given a promotion shortly after the trials were over.
Law Journal: Royal Standard Group’s PKPU, and Krakatau Engineering’s Debt Dispute
PT Jaya Smart Technology of Royal Standard group, and three other parties, including the founder of the Company, who are all in their period of Suspension of Debts Payment (PKPU), received a time extension in the process after the creditors agreed to give more time. Separately, PT Krakatau Engineering was able to resolve its dispute with one of its business partner PT KC Cottrell Indonesia.
Update on the E-KTP Graft Case
The Corruption Court of the Central Jakarta District Court held the latest hearing of graft suspect Setya Novanto on March 12, 2018. It has been three months now after the court began the trial, but the case is so complicated that the prosecutors kept summoning more witnesses to testify. For the latest hearing, the prosecutors summoned several witnesses and an expert witness who said that the layered money trails in the case were indications of a planned money laundering scheme.
Corruption Journal
The Corruption Eradication Commission (KPK) reportedly conducted another Sting Operation in the evening of March 12, 2018. Several people were taken into custody, including a registrar and a judge of the Tangerang District Court in Banten. This is the first Sting Operation conducted this year to have targeted law enforcers from the judicial institution. Separately, the Corruption Court of the Central Jakarta District Court read their verdict for the defendant Tarmizi, the former registrar of the South Jakarta District Court who caught for receiving bribes.
Family Feud: the Papan Siblings
Last week, the Central Jakarta District Court registered a lawsuit filed by one Bahasili Papan against one Thomas Wantasen and PT Dayakonsolindo Sumbersemesta. The lawsuit looked ordinary at a glance, but upon further look we noted that Bahasili had listed his four siblings as co-defendants. They are the children of the late Djamzu Papan, the founder of PT Putera Paper Products Corporation Limited (PUPAR).
Hary Tanoe v. Tutut: A New Chapter
The dispute over the ownership of Televisi Pendidikan Indonesia (TPI, now MNC TV) between Hary Tanoesoedibyo and Siti Hardiyanti Rukmana (Mbak Tutut) will not end anytime soon. After a series of court rulings, on July last year Mbak Tutut’s side decided to claim the assets of PT MNC Televisi Indonesia, which are supposedly the properties of PT Cipta Televisi Pendidikan Indonesia. MNC TV decided to file two other lawsuits at the State Administrative Court.
Law Journal: Royal Standard Group’s PKPU, and Berkat Bumi Citra’s Bankruptcy
PT Jaya Smart Technology of Royal Standard group, and three other parties, including the founder of the Company, was sued on January 8, 2018. So the group entered their period of Suspension of Debts Payment (PKPU). The process of verification of bills recorded Rp1.25 trillion in debts. Separately, with regards to PT Berkat Bumi Citra, the team of curators found out that the Company had plenty of receivables to other parties that are its affiliates and family members of the Company’s owner.
Ongoing Investigations in the Attorney General’s Office
The Attorney General’s Office began the year 2018 by continuing halted investigations and beginning new ones. One of the halted investigations is related to PT Pertamina (Persero), concerning the allegation of mismanagement in PT Pertamina Hulu Energi (PEH)’s stock purchase back in 2009. One of the new investigations is related to allegations of corruption involving PT Pupuk Kalimantan Timur (Pupuk Kaltim).
A Police Report Against Shareholders of Bayan Resources
The decade old disputes between the founder of PT Gunungbayan Pratamacoal (GBPC) the late H. Asri, his son one Rasyid Ridha and the executives of PT Bayan Resources Tbk (BYAN) continues. This dispute has been examined through court proceedings from 2008 to 2015, and in all stages the courts sided with BYAN executives. Nevertheless, Rasyid Ridha refuses to surrender. On March 6, 2018 Rasyid Ridha filed a new report to the police against Dato’ Low Tuck Kwong and Engki Wibowo. What is interesting and worrying about this dispute is how the dispute over ownership of the company is reported as a dispute between indigenous businessman who was an active member of Muhammadiyah against Chinese-descent conglomerate.