Insolvency of Kaltim Supacoal and the Dispute
On November 22, 2016 the team of curators for the insolvency of PT Kaltim Supacoal published an announcement stating that the process of insolvency of the Company is finished. But the announcement did not give further explanation. Earlier in May 2016, the Singapore International Commercial Court (SICC) handed down its first judgment on dispute between “BCBC Singapore Pte Ltd and anor v. PT Bayan Resources Tbk (BYAN) and anor”, the source of the problem in Kaltim Supacoal.
Insolvency of Binamitra Sumberarta
PT Binamitra Sumberarta, a subsidiary of PT Delta Ultima Coal (Delta Coal) faced their period of Suspension of Debts Payment (PKPU) since August 2016 due to lawsuit filed by two of its business partners, namely PT RPP Contractors Indonesia (RCI) and PT Uletbulu Mining. But after three months of negotiation, the creditors cannot find agreement with the Company on the best way to resolve the disputes. Therefore, the Company is finally declared bankrupt by the Panel of Judges since November 21, 2016.
Biomorf & e-KTP Scandal
The government refuses to pay US$90 million of claim from PT Biomorf regarding the electronic ID (e-KTP) project, which is being investigated by the Corruption Eradication Commission (KPK) and might drag more high profile people. The government has also expressed concerns surrounding security of the data about hundreds of millions of Indonesians processed by Biomorf.
Lippo Group Bribery: Eddy Sindoro is a Suspect?
The Corruption Eradication Commission (KPK) caught Edy Nasution, a former registrar of the Central Jakarta District Court, earlier this year when he was receiving bribes from Doddy Arianto Supeno, an employee of PT Artha Pratama Anugerah (APP)—a subsidiary of Lippo Group. Later on the KPK also indicted the Chairman of PT Paramount Enterprise International (PEI, another one of Lippo Group’s subsidiaries) Eddy Sindoro. In the proceeding of the trial of Edy Nasution held on November 21, 2016, the Corruption Eradication Commission suddenly asked the court to keep a certain evidence previously confiscated to be used as evidence in another case on behalf of Eddy Sindoro. This plea makes everyone wonder, has the KPK already named Eddy Sindoro as a suspect in a bribery case?
PT E.K Prima & Bribery Case
The Corruption Eradication Commission (KPK) has caught redhandledly taxman Handang Soekarno and Rajesh Rajmohanan Nair, CEO of PT E.K. Prima Ekspor Indonesia in a bribery case. According to KPK, Rajesh has delivered Rp1.9 billion out of Rp6 billion ‘fees’ promised to Handang to skip from paying Rp78 billion of tax liabilities overdue.
Yogan Askan’s Verdict and Putu Sudiartana’s Defense
The trial of Yogan Askan, on the graft case that also brought down the former member of the House Commission III of the House of Representatives (DPR) I Putu Sudiartana (Democratic Party), has finished. Yogan is sentenced to 2 years imprisonment. The trial of Putu Sudiartana, on the other hand, continues without Putu’s defense on the prosecutors’ indictment. Putu said that he would reveal everything when his trial reaches the hearing on the principal of the case.
PKPU for Hai Yin
Jakarta-based shipping company PT Hai Yin must once again face a period of Suspension of Debts Payment (PKPU) after the Panel of Judges of the Commercial Court of the Central Jakarta District Court granted the PKPU lawsuit filed by one of the Company’s creditors PT Pelayaran Pelangi Sindumulya (PPS). This is the fifth PKPU lawsuit that the Company has had to face within the last three years.
On Sumatera Persada Energi’s PKPU
PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo, enters into a period of PKPU once month beginning October. The Company voluntarily applied for the PKPU, and the application was granted by the Panel of Judges of the Commercial Court of the Central Jakarta District Court. Previously, SPE entered a period of PKPU in 2014, and that process ended peacefully. That said, PT Bank CIMB Niaga Tbk (BNGA), the separatist creditor, filed a lawsuit to cancel the 2014 peace agreement.
Mobile-8 Tax Restitution Case: Pre-Trial Lawsuits
At the end of October 2016, the Attorney General’s Office (AGO) told the press that they would soon name a suspect in the alleged manipulation of PT Mobile-8 Telecom Tbk (Mobile-8)’s tax restitution. The AGO said that they had found a breakthrough in the inquisition process, but to date, no suspect has been named. Interestingly, however, Hary Djaja and Anthony Chandra Kartawiria, the two people whose name were mentioned in connection to the case, filed a pre-trial lawsuit at the South Jakarta District Court to challenge the AGO’s investigation process.
Q&A with Sofyan Djalil on Land Issues
Land is a very delicate issue. We’ve seen most infrastructure projects were slowed down significantly by difficulties in land acquisition. Even in less populated areas of Sumatra, North Sulawesi, and East Kalimantan, where some toll roads are being developed. Land ownership is also among the most frequent disputes in the society. What Sofyan Djalil, head of the National Land Agency (BPN)/minister of agraroam and spatial planning, can do?