Updates on Dwi Aneka Jaya Kemasindo’s PKPU
The creditors of PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) decided to give the Company another opportunity to revise their peace proposals in the process of Suspension of Debt Payment (PKPU). This decision was accepted by the Panel of Judges of the Commercial Court at Central Jakarta District Court at the hearing held on June 13, 2016. With this decision, DAJK has 45 more days.
The End for Dewie Yasin Limpo?
The bribery case involving the former Hanura politician Dewie Yasin Limpo has reached the finish line. On June 13, 2016, the Corruption Court of the Central Jakarta District Court read the verdict of Dewie and Bambang Wahyuhadi (her staffer). Both were found guilty for accepting bribes and sentenced to 6 years in prison with the obligation to pay Rp200 million in fine subsidiary 3 months imprisonment. But the Panel of Judges rejected the Prosecutor’s demand for the forfeiture of Dewie’s political rights.
Updates on Bank Bukopin v. Panghegar Group
After one of its subsidiaries PT Panghegar Kana Legacy was declared bankrupt in mid May 2016, the Panghegar Group is facing another set of problem. Two of the Group’s other subsidiaries, PT Panghegar Kana Properti and PT Hotel Panghegar, have had their request for an extension of Suspension of Debts Payment (PKPU) status rejected by creditors. The future of the two companies is in the hands of the Panel of Judges of the Commercial Court.
The End for Abdul Khoir?
The Director of PT Windhu Tunggal Utama Abdul Khoir has been sentenced to 4 years imprisonment with the obligation to pay Rp200 million in fine after he was found guilty of bribing at least 4 members of the House of Representatives and a state official. The verdict is surprising because the KPK named Abdul Khoir as a Justice Collaborator, which is the reason why the prosecutors only asked for 2 years and 6 months for Abdul Khoir. But the Panel of Judges believed that Abdul played a key role in the crime, and so he was deemed unfit to deserve the privileges of a Justice Collaborator.
2016 Capital Injection
The Government proposed a series of Capital Injections (PMNs) for State-Owned Enterprises (BUMN) in the 2016 Revised State Budget (2016 RAPBN-P) after failing to secure the approval for the first PMN round proposed in the 2016 Budget (2016 APBN). This time, the Government has planned to inject Rp53 trillion in the 2016 RAPBN-P, or Rp13.5 trillion more compared to the allocation in the 2016 APBN.
Tax Amnesty Bill & Wibawa Family Dispute
Tax Amnesty bill might be considered the most important macroeconomic story in Indonesia by some fund management companies. A decision from Singapore court judge Belinda Ang Saw Ean two weeks ago in the family dispute of Kuntjoro Wibawa vs his mother Harianty Wibawa and siblings is indeed an interesting case in the context of tax amnesty bill.
Updates on the Tax Amnesty Bill
The fourth deliberation session of the year 2015-2016 is almost over, and yet the House of Representatives (DPR) is still struggling to perform its legislative duties. Of the dozens of bills included in the 2016 Prioritized National Legislation Program, not one bill has good progress to show. The problem is that there are crucial Bills that the DPR must pass into law in the near future. One of them is the Tax Amnesty Bill, for the passage of this bill determines the passage of the 2016 revised budget.
Updates on the 2016 APBN-P Discussion
The Government submitted the Bill on the 2016 Revised State Budget (RAPBN-P 2016) to the House of Representatives on May 2, 2016, but the discussion on the Bill has only began on June 2, 2016. The process is expected to continue to July 2, 2016.
Gatot Pujo Nugroho’s Graft Case: Verdict for Kamaludin Harahap
The trial of the 5 members of the Regional Representatives Council (DPRD) of North Sumatera, who allegedly received bribes from the disgraced Governor of North Sumatera Gatot Pujo Nugroho, has been on the way since February 2016. On June 8, 2016, the Corruption Court of the Central Jakarta District Court read out the verdict against the Deputy Chairman of DPRD 2009-2014 Kamaludin Harahap (PAN).
Indictment for Damayanti
The Commission V Lawmaker of the House of Representatives Damayanti Wisnu Putranti, who is allegedly involved in the Trans-Seram project bribery, faced her first hearing on June 8, 2016, during which the public prosecutor of the Corruption Eradication Commission (KPK) read out the chronology of the case and the indictment.