Sriwijaya Air has gone through four years of turbulence, from fatal accidents to failed partnerships with Garuda Indonesia. Now, Sriwijaya Air is facing a new obstacle: debt restructuring. The restructuring process started due to a PKPU lawsuit filed towards the end of 2022 and according to the latest developments, the airline has until June 2023 to convince its creditors.

About two weeks ago, PT Staedtler Indonesia made a public announcement conveying a change in the composition of the board of directors. At first, we thought this was a normal announcement, until April 26, 2023, a counter announcement was published by PT Asaba Utama Corporatama. We later learned that the parties had disputed over the past two years, but what caught our attention were the parties behind the business feud.

Entering a new week after a long holiday, the BLBI Task Force began to speed up work and published two summons in two consecutive days. There are eight parties summoned to settle their obligations.

PT Sansaine Exindo, a company reportedly owned by Jemmy Sutjiawan, has returned Rp36.8 billion to the State related to the corruption investigation of various projects at BAKTI Kominfo, an agency under ministry of communications and informatics led by Johhny G Plate (secretary general of NasDem Party). 

Franky Tjahyadikarta, the figure behind some of Indonesia’s most luxurious travel stays, including PT Bukit Uluwatu Villa Tbk (BUVA), previously managed to go through a debt restructuring process and reach peace agreement with the majority of his creditors in July 2022, but this situation did not last long. In early April 2023, PT Bank Artha Graha Internasional Tbk (INPC), controlled by Tomy Winata, once again filed a PKPU lawsuit against Franky and Okie Rehardi Lukita, president commissioner of the company. This is the fifth lawsuit filed by Bank Artha Graha in the last four years. 

The Coordinating Minister for Maritime & Investment Affairs, Luhut Binsar Pandjaitan, reported Haris Azhar, the executive director of Lokataru & former coordinator of KontraS, and Fatia Maulidiyanti, the current coordinator of KontraS, to the Jakarta Metropolitan Police (Polda Metro Jaya) back in 2021. Both activists accused the retired Army general of playing a role in the Wabu Block, a gold mine in Intan Jaya, Papua. They relayed the accusation in a virtual discussion aired on Haris Azhar’s YouTube channel. Some consider Luhut’s action repressive, but others support his move. The police report is being followed up despite a lot of scorn. Haris and Fatia face trial on April 3, 2023 and remain adamant that Luhut’s accusations are fabricated. Is that right?

Lukas Enembe, the disgraced governor of Papua, who was ensnared in a bribery case investigated by the Corruption Eradication Commission (KPK), was recently named a suspect in a case of alleged money laundering. This announcement was made at the same time as the trial of the suspected bribe giver, Rijatono Lakka, owner of PT Tabi Bangun Papua (PT TBP) started. Not long after that, the KPK named two new suspects in the predicate crime.

Towards the end of last year, we reported on the business dispute involving companies under the CT Corp and Gudang Garam business group which took place far from the media spotlight. This dispute has been examined for more than a year at the Sidoarjo District Court. To our surprise, a new party arises in a dispute over a similar matter. PT Bank OCBC NISP Tbk (NISP) filed a police report against Gudang Garam, its executives and affiliated companies for alleged letter forgery, fraud and money laundering. Recently, we learned that the first lawsuit was rejected by the district court while the mediation stage on the ongoing dispute failed to reach agreement. 

The South Jakarta District Court once again rendered a decision that caused a stir. This time, the decision that is being discussed is related to a dispute between PT Harmas Jalesveva (Harmasland) and e-commerce issuer PT Bukalapak.com Tbk (BUKA). Last week, the District Court partially granted the lawsuit filed by Harmasland and ordered BUKA to pay compensation in the amount of more than Rp100 billion, although previously in 2022, the same District Court ruled that Harmasland’s lawsuit cannot be accepted.