PKPU for PTPP
Interesting news comes from the Commercial Court at the Makassar District Court. Not long ago, the court accepted the lawsuit for Suspension of Debt Payment (PKPU) filed by CV Surya Mas against state EPC firm PT Pembangunan Perumahan (Persero) Tbk (PTPP). PTPP is then required to follow the temporary PKPU process. This decision became interesting after PTPP gave their response and said they would file a cassation. The question is, is it possible to file a cassation in the ongoing PKPU process?
Re-managing the Sultan Hotel : The State’s Win
Back in 2020, the Ministry of State Secretariat coordinated with the Corruption Eradication Commission (KPK) to regulate and recover the State property under its care following an audit provided by the Supreme Audit Agency (BPK). Among the State property in question, there is one infamous dispute between the Government and PT Indobuildco, the company who manages the Sultan Hotel & Residence, formerly known as the Hilton Hotel complex. This year, after years of legal battle, the Government finally decided to end the permit previously given to Indobuildco and take over the management of the once prestigious hotel. However, the execution of the decision could not be carried out immediately because Pontjo Sutowo filed a lawsuit against the Government. After several months of court hearings, this week the Government won the dispute.
Revisiting Tehate Putra Tunggal
PT Tehate Putra Tunggal (PT TPT), a partner of PT Perusahaan Listrik Negara (Persero) (PT PLN), and its subsidiary PT Trimaten Gemilang (Trimaten), escaped bankruptcy back in 2017, after they were able to resolve their period of Suspension of Debts Payments (PKPU) peacefully. Since then, the companies have kept a low profile and almost no activity has been reported besides the lawsuits that followed the debt dispute. This week, a new lawsuit was submitted against the company, seeking for cancellation of the PKPU peace agreement.
Trial of the Wealthy Taxman
It has been six months after the case of alleged money laundering, which ensnared a former Echelon III official at the Ministry of Finance, Rafael Alun Trisambodo, was uncovered and the most anticipated trial of the year finally started. This week, the Corruption Court at the Central Jakarta District Court listened to the indictment from the prosecutors of the Corruption Eradication Commission (KPK), an indictment that raises even more questions.
On BLBI Case : Latest Summons
The Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) continues doing its job. Even though the process is no longer a public concern, in recent days the Satgas has continued to summon parties deemed to have obligations, including, for the umpteenth time, Kaharudin Ongko.
On the Tax Corruption Scandal : The End?
It has been nearly three years since we’re exposed to the scandalous case involving tax officials. In addition to the officials, four tax consultants have been found guilty, but the investigation is not over. Among the officials is one Angin Prayitno Aji, who...
Latest on the Railway Corruption Case
The Corruption Eradication Commission (KPK) uncovered a corruption scheme carried out by parties at the Directorate General of Railways at the Ministry of Transportation several months ago after a series of sting operations. The KPK colossally named 10 suspects and...
Latest Enforcement on Tax Crime
The Attorney General’s Office (AGO) recently announced the confiscation of the assets of a tax crime convict. What caught our attention is not only the value of the punishment imposed by the court but also the legal process. This tax evader was acquitted by the court until the decision was overturned by the Supreme Court in the stage of cassation. He even managed to run away before being finally arrested by the prosecutors’ office towards the end of last year. It would take years before law enforcement could carry out these seizures, but the company names are oddly very familiar.
The 2024 General Elections : Ex-Graft Convicts
Last week, the Indonesia Corruption Watch (ICW) asked the General Elections Commission (KPU) to immediately announce the names of candidates for legislative members at all levels who are former graft convicts. ICW claimed that KPU seemed to cover this up because it never made an announcement as promised. KPU made the much-needed announcement several days later. Although we agree that this announcement is important, the KPU is not entirely wrong. We have seen how the KPU is struggling with bureaucracy and the rule of law to be able to make similar announcements for over five years.
OJK Authority on Investigation
Earlier this year, the power of the Financial Services Authority (OJK) was strengthened by the authority to investigate along with the enactment of Law No. 4/2023 concerning Development and Strengthening of the Financial Sector (UU PPSK). However, we all know that the institution has never been without problems and with so many responsibilities, its performance is still being questioned by many parties. The question was brought to the Constitutional Court in the form of a Judicial Review application several months ago, but while the court examination is ongoing, the OJK recently issued the technical regulation on the disputed new authority.