PT Waskita Karya (Persero) Tbk (WSKT) is currently facing the examination stage in the PKPU lawsuit filed by two parties. The company may have high hopes because the PKPU lawsuit previously filed by PT Bukaka Teknik Utama Tbk (BUKK) was rejected by the Panel of Judges of the Commercial Court at the Central Jakarta District Court. However, the company’s problems are not only PKPU. Currently, trading in company shares has been suspended for a little over a year, while the maximum suspension period is only 24 months. With all the problems the company is experiencing, including the ongoing case of alleged corruption, can the company escape the threat of delisting?

President Joko “Jokowi” Widodo’s administration will end in a few months and the Government is racing to complete several tasks including the development of the National Strategic Projects (PSN). This year, the Ministry of Public Works stated that it would complete the construction of three toll roads, while at the same time, the Coordinating Minister for the Economy issued a new list which added 16 PSNs to the existing list.

The Attorney General’s Office (AGO) began an investigation into alleged manipulation of sugar imports some time ago. This process is interesting because initially the investigation was said to be related to the provision of sugar import permits by the Ministry of Trade during the period 2015 to 2023. Several other parties were also investigated, including from the Ministry of Industry to related regional departments. Later, the investigation into the case turned into an inquisition of yet another official of the Directorate General of Custom and Excise (DJBC). This week, the AGO announced that it had named one new suspect.

Jusuf Kalla, the 10th and 12th vice president, was present at the latest hearing on the trial of Karen Agustiawan, former president director of Pertamina. Karen, as we all know, is standing trial as a defendant in a case of alleged corruption. The interesting part is not the ongoing court proceedings but how Jusuf Kalla became a witness in defense or a de charge witness for Karen. This is not the first time Jusuf Kalla has fulfilled a similar request.

Back in 2020, the Ministry of State Secretariat coordinated with the Corruption Eradication Commission (KPK) to regulate and recover the State property under its care following an audit provided by the Supreme Audit Agency (BPK). Among the State property in question, there is one infamous dispute between the Government and PT Indobuildco, the company who manages the Sultan Hotel & Residence, formerly known as the Hilton Hotel complex. Last year, after years of legal battle, the Government finally decided to end the permit previously given to Indobuildco and take over the management of the once prestigious hotel. The execution of the decision, however, could not be carried out immediately because the company’s patron, Pontjo Sutowo, filed lawsuits against the Government. The latest lawsuit was registered on Oct. 9, 2023 and the court proceedings continue to this day.

Last year, with the help of a series of witch hunts, the Corruption Eradication Commission (KPK) managed to uncover several cases of alleged corruption including the ones concerning the Directorate General of Customs and Excise (DJBC). In one of the cases, KPK has named the former Head of the Customs and Excise Office in Yogyakarta, Eko Darmanto, as suspect. Just like the other graft suspects, Eko is trapped in his own habit of showing off his wealth. His trial started this week.

After a decade, PT Djakarta Lloyd (Persero), a State-owned company operating in the shipping and logistics sector, finally faced the PKPU process once again and was forced to restructure its debt. This process has been ongoing since the end of 2023 and is expected to...

The State-owned plantation company, PT Perkebunan Nusantara XI (Persero) (PTPN XI) has had to face the Corruption Eradication Commission (KPK) for the second time in two years. In 2022, the former director of the company was convicted for corruption. Now, the KPK is...

Last year was probably the worst for the Corruption Eradication Commission (KPK). In addition to all the internal issues that the commission face throughout the years, the Chief, Firli Bahuri, was embroiled in a criminal case. Firli was accused of blackmailing then Minister of Agriculture, Syahrul Yasin Limpo (NasDem), after the KPK begin investigation into the case of alleged corruption in the Ministry. We know what happen next, the public’s attention was shifted to Firli as he was named suspect on alleged blackmailing, nearly forgetting that Syahrul was also named suspect in the case of corruption on October 2023. From the start, we believed that there would be no one who could be blackmailed if they were innocent. And indeed, after Syahrul underwent trial, the public finally learned about all the tricks and criminal schemes he carried out. The latest issue that attracted the most attention was how Syahrul used his connections at the Supreme Audit Agency (BPK) to obtain Unqualified (Wajar Tanpa Pengecualian–WTP) opinion/status for the Ministry’s financial reports. The WTP status is allegedly given in exchange of billions of rupiah every year. By now this practice, unfortunately, is already common.

Abdul Gani Kasuba, governor of North Maluku, was arrested by the Corruption Eradication Commission (KPK) in a series of sting operations carried out in several different locations towards the end of 2023. The KPK succeeded in arresting dozens of people but named seven people as suspects in the case of alleged corruption. Among the alleged bribers was Stevi Thomas, director of PT Trimegah Bangun Persada Tbk (NCKL). Last week, KPK announced that they began an investigation of alleged money laundering and at the same time expedited the dockets to the stage of prosecution. The prosecutors suspect Kasuba received over Rp90 billion of grafts during his tenure.