The Insolvency of Tunggal Yudi Sawmill Plywood
PT Tunggal Yudi Sawmill Plywood, a subsidiary of PT Haluan Mitra Abadi (HMA) of Samin Tan appeared to have been declared bankrupt since January 26, 2015 by way of the Suspension of Debt Payment (PKPU) request filed by one of its creditors PT Mulia Permata. But the problem is not over. Tunggal Yudi has reportedly launched a counter attack and sued the Director of PT Mulia Permata Gunawan Tue with charges of embezzlement and fraud.
Kris Wiluan’s Java Star vs Customs Office
Directorate General of Customs and Excise at the ministry of finance requires PT Java Star Rig, a joint venture between KS Drilling Pte Ltd, to pay import duty and fines totalling Rp197 billion. This would negatively affecting financials of KS Energy Ltd.
Legislative Journal: Updates on the Tax Amnesty Bill
Even though the Bill on Tax Amnesty was included in the 2016 list of Prioritized National Legislation Program (Prolegnas 2016), the Government must postpone the discussion on this bill for another time, for it has already decided to approve the request of the House of Representatives (DPR) to instead expedite the discussion on the Bill to amend the Law No. 30/32002 on the Corruption Eradication Commission (KPK).
Legislative Journal : Perpres No. 4/2016
The Government finally issued the Presidential Decree (Perpres) No. 4/2016, which would act as the legal basis to support the acceleration of the Development of Electricity Infrastructure (PIK). This regulation was made by referencing the provisions of the Government Regulation (PP) No. 23/2014 (that amended PP No. 14/2012) on the Business of Electricity and PP No. 79/2014 on National Energy Policy.
Dispute in KOAPGI
The Cooperative Union of Garuda Indonesia’s Aircraft Crew (KOAPGI) is facing a serious problem. The board of KOAPGI is now split into two leaderships and both are arguing and claiming as the legitimate board. This dispute has now entered the court.
The Verdict for Jero Wacik
On February 9, 2016 the Corruption Court of the Central Jakarta District Court sentenced the former Minister of Culture and Tourism Jero Wacik to 4 years in prison, with the obligation to pay a fine of Rp150 million (subsidiary 3 months in prison). The presiding judge Sumpeno said that Jero was found guilty of corruption.
Nazaruddin’s Money Laundering
The trial of the money laundering case involving the former Democratic Party Treasurer Muhammad Nazaruddin continues. The Corruption Court of the Central Jakarta District Court held hearings for the testimony of witnesses from the banks allegedly with knowledge of the case. Additionally, Nazaruddin appeared in court as a witness in 2 different cases related to the case of corruption committed by his company, Permai Group.
Allegations of Food Cartel
The Business Competition Supervisory Commission (KPPU) completed its investigation into the alleged cartel practice involving major companies engaged in chicken breeding. KPPU’s investigation team claims to have found enough evidence to prove the allegation and take matter forward with the authorities.
AGO’s Investigation: The Novanto Scandal
The investigation of the Attorney General’s Office (AGO) into the scandalous meetings between Golkar lawmaker and former Speaker of the House of Representatives (DPR) Setya Novanto, with businessman Muhammad Riza Chalid, and former CEO of Freeport Indonesia Maroef Sjamsoeddin entered a new chapter. The AGO finally questioned Novanto yesterday (Feb. 4). But pessimism that this inquisition will go anywhere lingers nonetheless.
MNCN, Perindo Party Ads, & Tax Issues
TV stations controlled by Media Nusantara Citra (MNCN) have aggressively aired advertisements from Perindo Party, which is led by MNCN’s controlling shareholder MNC Group (Hary Tanoesoedibjo). How much advertising revenues collected by MNCN from Perindo Party in one year? How much value added tax (10%) and income tax article 22-23 (2%) have been collected by the State?