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.

On Damayanti’s Case: Updates on Amran Mustary’s Trial

More than a year has passed since the Corruption Eradication Commission (KPK) began their investigation into the case of corruption in the management of the Trans-Seram road project. The case has brought down 7 suspects in total, 5 of which have been convicted. The trial against Amran Mustary, one of the bribe receivers, continues.

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