KPK and Sting Operations
On April 20, 2016 the Corruption Eradication Commission (KPK) reportedly conducted a sting operation. One of the parties arrested was the Registrar of the Central Jakarta District Court. The operation is the sixth one conducted under the management of the new KPK leadership—the leadership officially assumed control on December 21, 2015. Here’s the list:
New Suspects on the Bank DKI Case
Despite the news of rampant corruption inside the institution, the High Court of Jakarta (Kejati Jakarta), under its new leader Sudung Situmorang, continues to investigate corruption cases. On April 20, 2016, the Special Criminal Investigators in Kejati Jakarta announced to the press that it had named two new suspects in the fraudulent granting of credit facility from Bank DKI.
Asmin Koalindo Tuhup Close to Bankruptcy?
PT Asmin Koalindo Tuhup (AKT) voluntarily applied for Suspension of Debts Payment (PKPU) in January 2016 and has since reached a peace agreement with its creditors. But not long after, two of AKT’s creditors each filed for an appeal against this homologation.
The Sumber Waras Case, the Panama Papers, & the Amendment of BPK Law
After the meeting with President Joko “Jokowi” Widodo last week, Harry Azhar Azis confirmed that the Sumber Waras case was indeed one of the issues discussed between the BPK leaders and the President. Harry Azhar said that he and his colleagues presented their findings on the state losses incurred from the land procurement deal between the Government of Jakarta and the Yayasan Kesehatan Sumber Waras (YKSW), a foundation that manages the Sumber Waras Hospital.
Legislative Journal : Permen Agraria No. 18/2016
After issuing the regulation concerning the right to occupancy or house ownership by foreigners domiciled in Indonesia, the Government through the Ministry of Agrarian and Spatial Planning published a new regulation restricting the ownership of agricultural land by individuals and legal entities. This regulation contained in the Regulation of the Minister of Agrarian and Spatial Planning/Head of the National Land Agency (Permen Agraria) No. 18/2016 on the Control of Agricultural Land Ownership.
Legislative Journal: Permen Agraria No. 13/2016
The regulation to implement Art. 11 of the Government Regulation (PP) No. 103/2015 on house ownership for a foreign citizen (WNA) is finally published; in the form of Regulation of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency (Permen Agraria) No. 13/2016.
Intiland & Jakarta Reclamation
Property developer Intiland Development (DILD), controlled by Gondokusumo family, is one of groups granted permit to develop man-made island, H-Island, in the North Jakarta. Unlike its peers, Agung Sedayu Group and Agung Podomoro Land (APLN), which are implicated in the bribery case of Gerindra Party politician M Sanusi, Intiland’s name has rarely been mentioned in the news.
KPK v. the AGO
In the past two weeks the Corruption Eradication Commission (KPK) has elevated the status of investigation of two cases of alleged bribery involving several prosecutors. The KPK has also named suspects in each case. But the Attorney General’s Office (AGO) showed a different attitude and opinion against it all.
Updates on AJN and AAA Securities
The insolvency process of PT Asuransi Jiwa Nusantara (AJN) is still ongoing. Last week, the team of curators said that they had finally found the company’s asset deposited in a custodian bank. Even so, the value of the reserve fund is still far from the total bill of debt. Meanwhile after nearly one year since the commencement of the investigation, the indictment file against the alleged embezzlement committed by PT Inti Kapital Sekuritas or formerly known as PT Andalan Artha Advisido Securities (AAA Securities) has finally been submitted to the prosecutor
Podomoro’s Pluit City: Counting Losses…
National media reported that hundreds of fishermen using traditional boats ‘sealed’ G Island in the controversial reclamation project of North Jakarta Sunday (April 17). The so-called G Island is location of Pluit City, a new township developed by Agung Podomoro Land (APLN).