Updates on Sujaya Group’s PKPU
Since last week, Sujaya Group’s two subsidiaries—PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye)—has had to face a lawsuit on Suspension of Debts Payment (PKPU) filed by HSBC Banking Corporation Ltd. HSBC claims that both companies owe the Bank Rp685.12 billion. Sujaya Group, however, begs to differ. At the hearing held on October 11, 2016, Sujaya Group through its legal counsel Aji Wijaya said that the petition for debts restructuring had a legal formal defect and there was confusion about the legal system used.
Corruption in the Ministry of Transportation
In the afternoon of October 11, 2016 the National Police Headquarters and the Jakarta Metropolitan Police conducted a raid at the Ministry of Transportation. The raid was done following reports of extortion in the Ministry. What’s interesting is that Minister of Transportation Budi Karya Sumadi was the one who reported the extortion in his ranks.
The End of Dayaindo’s Insolvency
The Commercial Court of the Central Jakarta District Court terminated the bankruptcy proceeding of PT Dayaindo Resources International Tbk (KARK) and its subsidiary PT Daya Mandiri Resources Indonesia (DMRI) on October 10, 2016. The decision was made after the team of curators claimed that they could not find the company’s assets. Dayaindo was declared bankrupt since 2013 because it was unable to resolve its debt dispute.
Shinta Group & Inheritance of Toto Hermijanto
Toto Hermijanto, founder of Shinta Group, one of the largest garment and textile players in the country, passed away on July 30, 2016 in Singapore. On Tuesday, October 11, Lontoh & Partners Law Office, published a warning letter regarding the transfer/transaction of Toto’s inheritance.
E-KTP Graft Case: Developments?
Recently, the Deputy Chief of the Corruption Eradication Commission (KPK) Saut Situmorang told the press that the KPK would question Golkar Chairman Setya Novanto in connection with the allegations of graft in the procurement of electronic identity card (e-KTP). But to this day, the KPK still have not announced when they’d question Novanto; instead the KPK have summoned several other government officials and Novanto’s colleague.
MAXpower Bribery Case (3)
Ahmad Raja Siregar, lawyer for three minority shareholders of PT MAXpower Indonesia, dismissed allegations about their involvement in the bribery case being investigated in the United States of America, Bisnis Indonesia reported. The lawyer, however, revealed internal conflicts in the Company controlled by Standard Chartered Private Equity.
KPK and the Pre-Trial Lawsuits
Over the last two months, the Corruption Eradication Commission (KPK) has been faced with several pre-trial lawsuits, including the lawsuits filed by the big names that were previously named as graft suspects in three different cases, such as: the former Chairman of the Regional Representatives Council (DPD) Irman Gusman, the Southeast Sulawesi Governor Nur Alam and former Health Minister Siti Fadilah Supari.
Tamtama Perkasa Escaped Bankruptcy
PT Tamtama Perkasa and its owner Prajogo Pangestu escaped the bankruptcy lawsuit filed by one of its creditor PT Penang Export Indonesia (PEI). After following four hearings in the Commercial Court of the Central Jakarta District Court, the parties finally agreed to resolve the dispute outside of court. The decision was presented at the hearing held on October 6, 2016.
PKPU for Sujaya Group
Sujaya Group’s two subsidiaries—PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye)—must face a lawsuit on Suspension of Debts Payment (PKPU) filed by one of their creditors HSBC Banking Corporation Ltd. HSBC claims that both companies have a debt to HSBC that has matured in the amount of Rp685.12 billion.
Development on Irman Gusman’s Case
The Corruption Eradication Commission (KPK) have expanded their investigation into the allegations of bribery in the distribution of West Sumatera’s additional quota for sugar. The case previously brought down the Chairman of the Regional Representatives Council (DPD) Irman Gusman. After examining the Director of the National Logistics Agency (Bulog) Djarot Kusumayakti, the KPK began to examine officials in the Ministry of Trade. The KPK have also have twice summoned Irman’s wife Liestyana Rizal Gusman but she never fulfilled the call.