PT iGrow Resources Indonesia (iGrow), which claims to be the first agricultural peer to peer lending platform in Indonesia, has finally had its turn to face problems. In June 2023, dozens of investors filed a tort lawsuit to the South Jakarta District Court accusing iGrow of defaulting. This is the second of such cases in the agribusiness lending business after previously TaniFund, the lending arm of the agritech company TaniHub, also faced default.

Back in 2018, the Corruption Eradication Commission (KPK) made the Governor of Aceh Irwandi Yusuf a suspect of bribery following the sting operation. At a later stage of investigation, the KPK named one Izil Azhar as suspect. Famously known in Aceh as “Ayah Merin”, Izil is no ordinary individual. Like Irwandi, he is a former commander of GAM. Izil managed to escape the KPK at the end of 2018, but was arrested in January 2023. The long overdue trial started this week. If we count from the beginning, it has been nearly 20 years since this conspiracy scheme started.

The latest case of alleged corruption in the Directorate General of Customs and Excise (DJBC) enters a new chapter as the suspect is finally detained by the Corruption Eradication Commission (KPK). After the announcement, the public now learned that the former Head of DJBC Office in Makassar, South Sulawesi, Andhi Pramono, has been a broker for business actors for over a decade, apparently without anyone realizing it. This situation makes us wonder, is the supervision at the Ministry of Finance that weak?

The trial on the case of alleged violations in satellite management cooperation at the Ministry of Defense is near the finish line. The case initially supposedly cost the State around Rp800 billion, but the indictment now mentioned that the case caused State losses amounted to Rp450 billion. During the latest hearing held this week, the prosecutors read their demands for the defendants.

The investigation into the case of alleged corruption and money laundering committed by Rafael Alun Trisambodo, a former tax official, continue. What we know so far is that Rafael was suspected of having wealth related to suspicious transactions that had been carried out for more than 12 years. With this allegation, the amount of Rafael’s assets that have been confiscated by the KPK is far less than it should be, so the KPK continues to search for parties suspected of being related to this series of crimes. This week, representatives of three companies were investigated for allegedly using Rafael’s services, including PT Apexindo Pratama Duta (Tbk) (APEX).

The Constitutional Court held the first hearing on the application for judicial review filed by an advocate named Marion. What is being questioned this time is the provisions of Art. 21 in Law No. 31/1999 concerning Eradication of Corruption related to criminal punishment for those who commit obstruction of justice. This application is interesting because in this case Marion questioned the determination of an advocate as a suspect in obstruction of justice despite having immunity in carrying out their profession. The same problem has been discussed many times.

Less than two years ago, the Corruption Eradication Commission (KPK) warned West Java because the province is the province with the highest corruption cases in the commission's records. But the warning seemed pointless because even after enduring the embarrassment,...

Three weeks ago, the investigation into allegations of corruption at the root of the problem which caused the cooking oil shortage and price surcharge developed after the Attorney General's Office (AGO) announced that it had named three companies as suspects. However,...

Mizuho Asean Investment LP had been trying to force PT Asia Kuliner Sejahtera (PT AKS), the parent company of PT Jaya Bersama Indo Tbk (DUCK), the owner of The Duck King restaurant chain, to perform its obligations for around three years. The investment firm attempted to file a lawsuit through the Indonesian court but then the dispute was brought to the arbitration court in Singapore. Away from the media coverage, Mizuho has the support of the arbitration court, but PT AKS et al refused to comply with the decision and filed a lawsuit to the Indonesian court. Interestingly, although this is not surprising, the court stated that it has the right to examine this case. That said, now the parties must face another trial. What a headache.

The Financial Services Authority (OJK) has never been without problems. With so many responsibilities, its performance is still being questioned by many parties. Even so, earlier this year the power of this institution is strengthened by the authority to investigate. This provision was questioned by many and a judicial review petition was finally submitted to the Constitutional Court.