More Pressure on Pertamina
Two weeks ago, the representatives of the Supreme Audit Agency (BPK) visited the Attorney General’s Office (AGO) and brought with them the Report on Examination Result (LHP) related to the allegation of mismanagement of Dana Pensiun Pertamina (Pertamina Pension Funds), and the allegation of corruption in PT Pertamina Trans Kontinental. Last week the AGO finally announced a suspect on the PT Pertamina Trans Kontinental case. At the same time, however, the National Police’s Criminal Investigation Unit (Bareskrim) raided Pertamina’s headquarter in connection to allegation of misappropriation of the proceeds of the Company’s asset sales that occurred in 2011.
KPK, Prosecutors, and Corruption in Bengkulu
Last week, the Corruption Eradication Commission (KPK) conducted two Sting Operations (OTT), one in East Java and another in Bengkulu. The OTT in Bengkulu, however, drew more attention because the KPK arrested an active prosecutor and directly named him a suspect of bribery.
The Amendment to the Law on Counterterrorism
The House of Representatives has been discussing the Bill to revise the Law No. 15/2003 on Counterterrorism since 2015, but to this day, the lawmakers can’t seem to pass the amendment. After the Kampung Melayu bombing happened on May 24, 2017, President Joko “Jokowi” Widodo called for expedited passage of the Bill. But is this going to happen?
On Hanjung Indonesia’s PKPU
PT Hanjung Indonesia is still in their period of Suspension of Debts Payment (PKPU). The Company submitted their peace proposal to the creditors on April 26, 2017. The offer was to repay debts within seven years after the peace agreement is promulgated. The creditors asked the Company to maximize the debt repayment scheme and thus agreed to give the PKPU period an extension. After two months of extension, however, there hasn’t been many changes in the proposal. The creditors are now asking the company to provide details of the latter’s discussions with potential investors.
Taxation Journal: Details on PMK No. 70/PMK.03/2017
Last month the Government published the new law to regulate the issue of Tax Information Exchange Agreement or Automatic Exchange of Financial Account Information (AEoI). The regulation is the Government Regulation in Lieu of Law (Perppu) No. 1/2017 regarding Access to Financial Information for Taxation Purposes. On May 31, 2017, the Ministry of Finance published the Ministerial Regulation (PMK) No. 70 /PMK.03/2017 containing the technical guidance for the implementation of said Perppu.
On Sujaya Group’s PKPU: New Investor
It has been eight months since the Sujaya Group’s two subsidiaries, PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye), entered their period of Suspension of Debts Payment (PKPU). The Group was finally able to find an investor” Hong Kong-based Macquarie Capital Securities Limited, the subsidiary of Macquarie Group Limited. But even with the good news, the parties are still unable to find common ground. The debtors wanted to start over the business before repaying the debts within the next two years, while the creditors demanded to be repaid immediately.
On Patrialis Akbar’s Case: The Trial of the Bribers
On January 25, 2017, the Corruption Eradication Commission (KPK) arrested the then Constitutional Court (MK) Justice Patrialis Akbar along with businessman by the name of Basuki Hariman, his staff Ng Fenny, and an intermediary named Kamaludin. Basuki Hariman allegedly bribed Patrialis for the purpose of producing a judicial review conclusion that’s favorable to the former’s business. On June 5, 2017, the trial of Basuki and Fenny started in the Corruption Court at the Central Jakarta District Court. The indictment of the two defendants mentioned several interesting events.
The General Election Bill Debate Continues
The Working Committee (Panja) and the Special Committee (Pansus) on the discussion of the Bill to revise the Law No, 15/2011 on General Election only has several days to complete their discussion with the Government. Several agreements have been reached, but the parties still cannot agree on the crucial points. With the current situation, passage by way of voting is inevitable.
People and Their Lives: Sex & Ferrari
After filing report against Zulkifliemansyah, lawmaker from Islamic party PKS, to the ethics council of the House of Representatives (MKD DPR), Aries Suci Handayani, said second wife of the politician, has on Tuesday (June 6) filed a lawsuit against the central board of PKS to South Jakarta District Court.
Update on the Pertamina Graft Case
Friday last week, the representatives of the Supreme Audit Agency (BPK) visited the Attorney General’s Office (AGO) and brought with them the Report on Examination Result (LHP) related to the allegation of mismanagement of Dana Pensiun Pertamina (Pertamina pension funds), and the allegation of corruption in PT Pertamina Trans Kontinental. The BPK’s interim examination found that the State had loss Rp599.2 billion and Rp35.32 billion as a result of the PT Pertamina Trans Kontinental scandal. The AGO have named a suspect on the Dana Pensiun Pertamina case, and will supposedly name a suspect in the Pertamina Trans Kontinental case later this week.