Corruption in PANN Pembiayaan Maritime
A state-owned enterprise (BUMN) focused on the business of financing the maritime sector, PT Pengembangan Armada Niaga Nasional (PANN) Pembiayaan Maritime (formerly known as PT PANN Maritime Finance), has been the subject of scrutiny in connection with a corruption investigation. Allegations of corruption emerged after PT Meranti Maritime and PT Meranti Bahari (Meranti Group’s subsidiaries) both are PANN’s debtors, recently entered their period of Suspension of Debts Payment (PKPU).
Corruption in PT Berdikari
Another State-Owned Enterprise (BUMN) is hit by allegations of corruption. The Corruption Eradication Commission (KPK) has been investigating PT Berdikari (Persero) related to the procurement of fertilizer. To date, the anti-graft commission has named three suspects.
Bank Bukopin v. Panghegar Group
Panghegar Group’s business condition is unlikely to recover soon. One of its subsidiary PT Panghegar Kana Legacy is facing the Suspension of Debts Payment (PKPU). One of the Company’s creditors PT Bank Bukopin Tbk (BBKP) reportedly filed two more PKPU lawsuits against two of the group’s subsidiaries.
New Suspects on Damayanti’s Case
The Corruption Eradication Commission (KPK) continues to investigate the Ministry of Public Works and Public Housing (Kemen-PUPR)’s Trans-Seram road project. The anti-graft commission recently named 2 new suspects. With this development, the case has ensnared 7 suspects thus far.
The End for Prada SA v. Manggala Putra Perkasa?
The trademark dispute between Prada SA against PT Manggala Putra Perkasa (MPP) has reached closure. The Commercial Court of the Central Jakarta District Court has reportedly granted the lawsuit filed by Prada SA. This verdict automatically annulled the same trademark registered by MPP.
The Luxurious Life of Nurhadi, the Supreme Court Secretary
The Corruption Eradication Commission (KPK) is still investigating the case of alleged bribery involving the Central Jakarta District Court’s Registrar Secretary (Pansek) Edy Nasution. But to date, the KPK has not provided more information regarding the case.
BCA v. Jakub Sugiarto Sutrisno: Verdict for Two Advocates
The case of alleged forgery of land documents filed by PT Bank Central Asia Tbk (BCA) against Jakub Sugiarto Sutrisno and two of his legal counsel Timotius Tumbur Simbolon and Jemmy Mokolensang has reached the finish line. In the hearing on April 25, 2016, the panel of judges at the South Jakarta District Court declared both advocates guilty.
Damayanti’s Case: on Abdul Khoir’s Hearing
The trial against the President Director of PT Windhu Tunggal Utama Abdul Khoir, who was caught red-handed bribing the member of the House Commission V of the House of Representatives Damayanti Wisnu Putranti of PDI-P, continues. The Corruption Eradication Commission (KPK) recently raided two different locations and have since reportedly started a new investigation. Will there be a new suspect in this case?
Updates on PKPU for Bumi Resources
PT Bumi Resources Tbk (BUMI) officially entered their temporary period of Suspension of Debt Payment (PKPU) for the next 45 days. This assurance was obtained on April 25, 2016 after the panel of judges of the Commercial Court on the Central Jakarta District Court granted the PKPU lawsuit filed by one of its creditors Castleford Investment Holdings Ltd. BUMI must begin drafting a peace proposal to restructure its debt.
Punishment for the Cartel of Imported Cattle and Beef
The trial conducted by the Business Competition Supervisory Commission (KPPU) to examin allegations of cartel-like practice involving 32 feedloter has ended. The KPPU decided that the companies involved in the case deliberately conspired to influence the prices of beef. So all were sentenced to pay a fine to the extent of their involvement in the conspiracy.