Amran Batalipu and Corruption in Buol
In June 2016, the Corruption Court in Palu District Court ruled in favor of the former Regent of Buol Amran Batalipu. Amran was found not guilty of embezzling the Regional Budget of Buol. But the Supreme Court later annulled the verdict and declared Amran guilty of corruption. And so Amran is deemed guilty in two different cases of corruption.
Emir Satar, Corruption Allegations & SBY Network
Leaders of the Corruption Eradication Commission (KPK) tried hard to protect flag carrier Garuda Indonesia (GIAA) from negative impacts of the bribery case against former CEO Emirsyah Satar. GIAA shares ended lower by only 2.26% Thursday (Jan 18). Still it is interesting to see whether the bribery case implicating Soetikno Soedarjo and Rolls-Royce is only an entry to other cases.
Soetikno Soedardjo & His Businesses
Businessman Soetikno Soedardjo, co-founder of Mugi Rekso Abadi (MRA) Group, which is famous for its luxury product/services businesses, has been named suspect alongside Emirsyah Satar, former CEO of flag carrier Garuda Indonesia (GIAA), in relation to the procurement of Rolls-Royce engine for Airbus aircrafts.
Emir Satar, Soetikno Soedardjo, & Airbus Bribery Case
The Corruption Eradication Commission (KPK) has named Emirsyah Satar, CEO of Garuda Indonesia in the period of 2005-2014, a suspect in bribery case. Emir, who is now leader of e-commerce company mataharimall.com (Lippo Group), is accused of receiving 1.2 million euros and US$180,000 from someone identified as SS, who is also suspect in the case.
SEMA No. 4/2016
Recently, the Supreme Court published the Circular Letter No. 4/2016 (otherwise referred to as SEMA 4/2016) regarding the Application of the Supreme Court Chambers’ 2016 Plenary Meeting Results. In SEMA 4/2014, the Supreme Court sets out the limits to applying the law in the 6 Chambers of the Supreme Court. This SEMA has sparked some controversies.
Updates on Hai Yin’s PKPU
Two months have passed since the Panel of Judges at the Commercial Court of the Central Jakarta District Court granted the lawsuit on Suspension of Debts Payment (PKPU) filed against Jakarta-based shipping company PT Hai Yin, and the process continues. The lawsuit was filed by one of the Company’s creditors PT Pelayaran Pelangi Sindumulya (PPS). This is the fifth PKPU lawsuit the Company has had to face in the past three years.
ONWJ Block: Lessons Learnt
The government has finally granted Offshore North West Java (ONWJ) to state oil and gas company Pertamina (90%) and local governments of West Java province (10%). ONWJ also becomes the first major oil and gas block to implement gross split scheme. Lessons learnt?
Corruption in PT Berdikari: New Suspects
It has been a year since the investigation and inquisition into alleged corruption in PT Berdikari, related to the procurement of urea fertilizer, began. The Corruption Eradication Commission (KPK) initially named 4 suspects in the case, including Siti Marwa, the former vice president of the said State-Owned Enterprise (BUMN). Since August 2016, the trial of the suspects began. On January 17, 2017, as a result of the development of investigation, the KPK announced they had named 5 new suspects in the case, including several former officials in other BUMNs.
Updates on the Bank DKI Case
The High Prosecutor Office of Jakarta (Kejati Jakarta)’s inquisition into the allegedly fictitious credit facility offered by Bank DKI moves ahead. After more than a year has passed since the start of the investigation, the Kejati will soon transfer the docket of indictment for 3 suspects (of the six named) to the court. If there are no more suspects named by the Kejati in the case, the prosecution against the last 3 suspects will be the end of the investigation.
PP No. 72/2016: Controversies
On December 30, 2016 the Government promulgated the Government Regulation (PP) No. 72/2016 (which revised the PP No. 44/2005 on Procedure and Administration of the State Capital Investment in State-Owned Enterprises and Limited Liability Companies), which is meant to protect the Government’s plan to establish holding companies for State-Owned Enterprises (BUMN Holding). The House of Representatives, however, has decided to oppose this regulation.