The E-KTP Graft Case: Development
The investigation into the electronic identity card (E-KTP) graft case expanded to several other cases. After naming Miryam Haryani, a Hanura politician, as a suspect of perjury, the Corruption Eradication Commission (KPK) is considering to investigate obstruction of justice. Meanwhile, the trial of the two E-KTP graft suspects continues.
Public Works Minister: No Bailout for Companies Affected by the Lapindo Mudflow
The Government spent years and billions of the taxpayers money to handle the aftermath of the Sidoarjo mudflow. But apparently, enough is enough. After a quick meeting held at the Presidential Palace on April 26, 2017, the Government decided to not compensate the companies affected by the mudflow and to settle all remaining compensation payments by this year.
Citra Maharlika’s Bankruptcy
PT Citra Maharlika Nusantara Corpora Tbk (CPGT) (formerly known as Cipaganti) entered their period of Suspension of Debts Payment (PKPU) in November 2016 as a result of lawsuit filed by Armand Yapsunto Muharamsyah and Partners (AYMP) Law Office (formerly known as DNC Advocates). The troubled transportation company have been struggling to pay their debts and initially offered the creditors with the company’s shares. The majority of the Company’s creditors, however, rejected the offer and voted for the Company’s bankruptcy.
Update on the Bakamla Corruption Case
After several postponement, and later with the guarantee made by the Commander of the Indonesian Military (TNI), the Head of the Maritime Security Agency (Bakamla) finally attended the trial of Fahmi Darmawansyah, who is one of the defendants in the Bakamla bribery scandal. The of Head of Bakamla was confronted with the statements of the defendants and the other witnesses regarding his involvement in the case.
The End for Andi Taufan Tiro?
On April 26, 2017 the Corruption Court of the Central Jakarta District Court read their verdict for Andi Taufan Tiro, the former lawmaker from PAN and the former member of the House Commission V of the House of Representatives, who is a defendant in the Trans-Seram road construction corruption trial. Andi is deemed guilty of all charges and the Panel of Judges decided to revoke his political rights.
Benny Tjokro v. Goldman Sachs et al
The dispute between the stock trader Benny Tjokrosaputro against Goldman Sachs International and two other parties on the alleged illegal sales of Benny’s shares in PT Hanson International Tbk (MYRX) continues. On April 25, 2017, the defendant presented their evidence in trial.
Former IBRA Chairman Named Suspect, Next?
The Corruption Eradication Commission (KPK) has finally named Syafruddin Arsyad Temenggung, chief of Indonesia Bank Restructuring Agency (IBRA), an agency established to handle bad loans and assets related to Bank Indonesia Liquidity Assistance (BLBI) from financial crisis 1997, as corruption suspect.
SinemArt’s Shareholding Dispute: Hary Tanoe v. Sariaatmadja
Two of the biggest television companies, PT Media Nusantara Citra Tbk (MNCN) belonging to Hary Tanoesoedibjo and PT Surya Citra Media Tbk (SCMA) controlled by the Sariaatmadja family, are having a dispute over shareholding in PT Sinemart Indonesia, one of the biggest entertainment and production house companies in Indonesia. The dispute occurred after a court decision stating that the sale of shares of PT Sinemart Indonesia to SCMA’s subsidiary, which was conducted in January 2017, is not valid. What’s interesting is that the decision was made in an in absentia trial and PT Sinemart Indonesia had no knowledge of the trial whatsoever. How is that possible?
The End for Dahlan Iskan?
Dahlan Iskan was found guilty of corruption by abusing his power in the release of assets of PT Panca Wira Usaha, a company owned by the East Java Provincial Government. The Corruption Court of the Surabaya District Court punished Dahlan to 2 years of city arrest, but Dahlan immediately filed for an appeal.
Update on the E-KTP Graft Case: Accounts of Witnesses
The trial of the two defendants in the electronic identity cards (E-KTP) graft case continues. In the hearing held on April 20, 2017 the Court was set to hear the testimonies of twelve witnesses, but only six witnesses attended the hearing. There were confirmations on the alleged involvement of the Speaker of the House of Representatives Setya Novanto and the former Minister of Home Affairs Gamawan Fauzi.