Maxpower Bribery Case (2)
The Corruption Eradication Commission (KPK) has intensified communications with authorities in the United States of America related to investigation into bribery scandal implicating Maxpower Group Pte Ltd. Indonesian officers are accused of receiving bribery from its subsidiary PT Maxpower Indonesia. What do we know about the company’s operations in Indonesia?
Ministry of Environment and Forestry v. National Sago Prima
After nearly half a year of trial, on August 11, 2016, the panel of judges of the South Jakarta District Court decided to partially grant the lawsuit filed by the Ministry of Environment and Forestry against PT National Sago Prima (NSP), subsidiary of PT Sampoerna Agro Tbk. NSP is deemed guilty for damaging the environment. But the company refused the verdict and filed an appeal.
Legislative Journal : Bill to Revised Law on Information and Electronic Transactions
The DPR will soon pass into law one of the most anticipated bills, the Bill to Revise the Law No. 8/2011 on Information and Electronic Transactions into Law. What are the changes made? What should we expect?
New Developments on Damayanti’s Case
The Corruption Eradication Commission (KPK) has been investigating the allegations of bribery in the Ministry of Public Works and Public Housing (Kemen-PUPR)’s Trans-Seram road project since early January 2016. The case has thus far brought down the former member of the House Commission V of the House of Representatives Damayanti Wisnu Putranti of PDI-P and several other members of the House Commission V, bringing the total of 7 suspects, 4 of whom have been convicted. But the investigation will continue. Thanks to the testimonies and confessions of the suspects and defendants during investigation, the KPK has expanded their investigation and began to examine new parties, mostly from the executive branch.
Benny Tjokro v. Goldman Sachs: Updates
On September 8, 2016, Benny Tjokrosaputro the founder and President Director of PT Hanson International Tbk (MYRX) filed a tort lawsuit at the South Jakarta District Court against Goldman Sachs International and two other parties related to alleged illegal sales of Benny’s shares in MYRX. Two hearings have been held to date, but on October 4, 2016, the Panel of Judges postponed the third hearing and asked Benny and his legal counsel to revise their petition.
Bumi Asih Jaya Rejects Bankruptcy
On June 21, 2016, PT Asuransi Jiwa Bumi Asih Jaya (BAJ) decided to file for a Reconsideration (PK) on the cassation verdict that paved the way for the Financial Services Authority (OJK) to liquidate BAJ’s assets. To date, the proceeding for the PK continues, and because of that BAJ’s management insists that their insolvency status is not yet legally binding.
Sugar Group v. Salim Group
PT Mekar Perkasa’s Suspension of Debts Payment (PKPU) petition against Sugar Group’s PT Sweet Indolampung was declined by the Commercial Court of the Central Jakarta District Court. The Panel of Judges insisted Salim Group’s Mekar Perkasa must be able to prove that Sweet Indolampung actually had matured debts.
E-KTP Graft Case: New Suspect
Last week, the Corruption Eradication Commission (KPK) examined Muhammad Nazaruddin, graft convict and the former Treasurer of the Democratic Party for three consecutive days. Nazaruddin, who’s also a suspect in a money laundering case, was examined in connection with his involvement in the abuse of the procurement of electronic identity card (e-KTP). Nazaruddin repeated every testimony he’s given before to the investigators for the past two years in hope that the KPK would finally ensnared the responsible parties, including the former Minister of Home Affairs under Susilo Bambang Yudhoyono’s administration Gamawan Fauzi. But instead of examining the names Nazaruddin mentioned, the KPK named a new suspect in the case.
Maxpower Bribery Case
On September 27, 2016 the Wall Street Journal reported that the United State’s Justice Department was investigating the Standard Chartered PLC over the allegations that PT Maxpower Indonesia, a subsidiary of Standard-Chartered-controlled Maxpower Group Pte Ltd, had bribed Indonesian Government officials. The bribery allegedly took place between 2012 and 2015 in the amount of US$750,000. Investigators had supposedly obtained several pieces of evidence, one of which is a record of a conversation. The Corruption Eradication Commission (KPK) reportedly had reportedly received information regarding the investigation and had since conducted its own investigation.
Updates on Irman Gusman’s Case
The Corruption Eradication Commission (KPK) continued to investigate the bribery in the distribution of additional quota of sugar for West Sumatera; the case that brought down the former Chairman of the Regional Representatives Council (DPD) Irman Gusman. On September 29, 2016, the KPK summoned several witnesses for questioning, one of them was the Director of the National Logistics Agency (Bulog) Djarot Kusumayakti. On the same day, Irman through his legal counsel officially filed for pre-trial against the KPK at the South Jakarta District Court.