Peace for Pazia Pillar Mercycom
PT Pazia Pillar Mercycom, one of Indonesia’s well-known electronics retailer, escaped the threat of bankruptcy after successfully convincing their creditors that they’re capable of resolving their debt problem. With the approval of the majority of creditors, the peace proposal offered during the process of Suspension of Debts Payment (PKPU) was finally approved and will be promulgated in a hearing on August 15, 2017.
Updates on the Rice Mixing Scandal
Two weeks after the Food Task Force (Satgas Pangan) raided the warehouse owned by PT Indo Beras Unggul (IBU) in Bekasi on suspicion of fraud, the National Police’s Criminal Investigation Unit (Bareskrim) named a suspect. The suspect announced on August 2, 2017 was the Company’s President Director Trisnawan Widodo.
Update on Patrialis Akbar’s Graft Case
The trial of businessman Basuki Hariman and his secretary Ng Fenny, the two suspected bribers in the graft case involving the former Constitutional Court (MK) Justice Patrialis Akbar, will end soon. In the latest hearing held on July 31, 2017, the prosecutors read their demands for the two defendants. In a separate hearing on the same day, the trial of Patrialis Akbar continued with the intermediary in the case Kamaludin appearing as a witness.
On the Imported Beef Cartel Case: The End of A Dispute?
In 2016 the Business Competition Supervisory Commission (KPPU) examined the allegations of cartel-like practices involving 32 feedlotters. The KPPU later decided that all of the companies had conspired to influence the prices of beef around the Greater Jakarta area. All of them were sentenced to paying a fine to the extent of their involvement in the conspiracy. Two companies accepted the punishment while the other 30 companies decided to file an objection at the Central Jakarta District Court. The companies that objected to the decision asked the Panel of Judges to conduct an additional examination before continuing with the trial, but the Panel of Judges declined the request and rejected the objection in the hearing held on August 1, 2017.
The Trans-Seram Graft Case: The Latest Verdict
The Corruption Court of the Central Jakarta District Court had been trying So Kok Seng a.k.a A Seng, the commissioner of PT Cahaya Mas Perkasa who is the eighth suspect in the Trans-Seram graft case, the case that brought down several members of House Commission V. The Panel of Judges took less than two months to wrap up the trial. They found A Seng guilty of all charges and sentenced him to 4 years imprisonment. A Seng accepted the verdict, but he begged the court to chase the PKS politician who supposedly acted as the intermediary.
Indictment for Dudung Purwadi
Dudung Purwadi, the former president Director of PT Duta Graha Indah or DGI (now PT Nusa Konstruksi Enjiniring Tbk), who is a suspect on two different cases of corruption, faced his first hearing on July 31, 2017. Dudung is tried on both accounts of crime under one indictment. Overall, Dudung is indicted for causing the state to sustain Rp54.7 billion in financial losses.
The Rice Mixing Scandal
Last week, the Coordinating Ministry for Economic Affairs decided to cancel the publication of the Regulation of the Minister of Trade (Permendag) No. 47/M-DAG/PER/7/2017, which is one of the regulations previously mentioned as the legal basis for the Food Task Force (Satgas Pangan)’s raid on the warehouse of PT Indo Beras Unggul (IBU) . This was a confusing development, so much so that the National Ombudsman began their own investigation on how the Government handled the situation.
The E-KTP Graft Case: Every Man for Himself
The Corruption Eradication Commission (KPK) named five suspects on the E-KTP graft case. Two of them were convicted several weeks ago. After the KPK named the Speaker of the House of Representatives Setya Novanto (the Chairman of Golkar) a suspect, they examined several witnesses. Though some dismissed the allegation that Novanto was involved, some confirmed it. So it appears that it’s every man for himself for those involved in this graft case.
Corruption in Klaten: New Suspects
The investigation into corruption and abuse of power in the Klaten regency of Central Java continues. The Regent of Klaten was named a graft suspect last year and recently the Corruption Eradication Commission (KPK) announced a new suspect of the case.
Snaring Corporations
Last month, the Corruption Eradication Commission (KPK) named PT Nusa Konstruksi Enjiniring Tbk (DGIK), an EPC firm, the first corporate suspect in bribery. Many subsequently wondered whether they’d be the last. Many also wonder whether companies involved in other graft cases will be named suspects.