Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) is still keen to demand accountability from the Gondokusumo family. Over the past two weeks, the Satgas published two summons for the management of two companies, all related to the family.

In September 2023, the social media users were shocked by the testimony of an anonymous account which revealed that their relative had committed suicide because they were unable to pay the loan bill on the P2P lending platform, PT Pembiayaan Digital Indonesia (AdaKami). The public forced the parties involved to explain themselves although we are not surprised. For a long time, P2P lending platforms have been operating by exploiting loopholes in regulations made by the Financial Services Authority (OJK). In the end, users must be burdened with maximum loan interest and once again without supervision from the OJK. Years later, we have to wait for a casualty to see the KPPU enter the picture. KPPU mentioned indications of cartel-like practices in the first week of October 2023 and recently announced that they had escalated the process to the stage of investigation and named 44 reported parties, all members of the Indonesian Joint Funding Fintech Association (AFPI).

The complicated trial in the BAKTI case, the case of alleged corruption related to a project at the Ministry of Communication and Informatics, will soon be over. After the Attorney General’s Office (AGO) announced the latest suspects recently and this week prosecutors have read out demands for three defendants including two key actors in the case, one of whom is former Minister of Communication and Informatics, Johnny Plate (NasDem). Prosecutors demand that Johnny be sentenced to 15 years in prison but Johnny, as expected, insisted he is not guilty.

We know that Karen Agustiawan, former president director of PT Pertamina (Persero), was once again named suspect in a case of alleged corruption related to decisions she made while in office. The case supposedly caused State losses amounted to over Rp2 trillion. Previously she was convicted in a similar case of alleged corruption only to be released by the Supreme Court, after serving one year and six months in prison, in a decision that sparked debate regarding the definition of corruption. This time, Karen took her time and filed for a pre-trial against the Corruption Eradication Commission (KPK).

Corruption investigation in PT Garuda Indonesia (Persero) Tbk began five years ago. The process was so slow that it raised question marks over the performance of the Corruption Eradication Commission (KPK). The trial of the suspects, including Garuda Indonesia’s former President Director, Emirsyah Satar, produced a very disappointing verdict. Later, the Minister of State-Owned Enterprises (BUMN), Erick Thohir, approached the Attorney General’s Office (AGO) with a corruption report. This is confusing because the allegations reported are already in the KPK’s indictment tried by the corruption court.

It is indeed too early to see the outlook for 2024, but in the domestic business world, the situation does not seem to have recovered after the pandemic. Not only individuals, the financial condition of a number of companies remains tight, some have even worsened. The number of lawsuits seeking for debt restructuring or even bankruptcy is still high, and recently, some use the court as a means only to collect debts. Entering the fourth year after the pandemic, will the situation improve?

Last week, as we all know, the Attorney General’s Office (AGO) announced two new suspects in the case of alleged corruption related to a project at the Ministry of Communication and Informatics. One of the new suspects supposedly had connections to the Supreme Audit Agency (BPK). In the latest hearing, the court finally learned the name of the BPK member who supposedly took part in the case, the name we are all familiar with.

In the four days since the end of last week, the Jakarta State Administrative Court (PTUN Jakarta) received six lawsuits, all of which were against the Chief of the Jakarta branch of the State Receivables Affairs Committee (PUPN Jakarta). Of these six lawsuits, some of them are submitted by familiar names related to the BLBI scandal. The court did not display any information from the petition but looking at the party being sued, this means that the Satgas BLBI has carried out a confiscation, which interestingly was done far from media coverage.

The Constitutional Court's decision to allow anyone under 40 years of age to run as a presidential or vice presidential candidate as long as they have served or are currently serving in a position elected by the public has caused prolonged debate and even political...

The commotion that we have witnessed for months ago has finally reached its breaking point. The Koalisi Indonesia Maju (KIM), which is nominating Prabowo Subianto, the current defense minister, as its presidential candidate, officially nominates Gibran Rakabuming Raka, the current mayor of Surakarta, son of President Joko “Jokowi” Widodo, and a PDIP cadre. as its vice presidential candidate. After the announcement was made by the general chairs of the coalition member parties, the commotion continued, with accusations regarding political maneuvers allegedly carried out by President Jokowi with the help of his brother-in-law, Anwar Usman, the current chief of the Constitutional Court. We know that recently the Constitutional Court granted the Judicial Review application which ultimately changed the norms of the law so that Gibran, who is only 36 years old, could finally be nominated as Vice President. There are many questions that are still being debated and are important to understand.