The Business Competition Supervisory Commission (KPPU) has just made improvements to regulations relating to notifications for transactions of mergers, consolidations, or acquisitions of company shares and/or assets, or better known as notifications for mergers and acquisitions. There have been some changes made to keep up with the 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, the KPK still had to deal with rogue regional heads from West Java. Towards the end of last week, the KPK carried out their latest sting operation and finally caught Yana Mulyana, the mayor of Bandung from Gerindra. Yana was named suspect and he is the 17th regional head from West Java who was arrested by the KPK in the last 15 years.

Benny Tjokrosaputro, graft convict in the PT Asuransi Sosial Angkatan Bersenjata Republik Indonesia (PT ASABRI) corruption scandal and the case of corruption in Asuransi Jiwasraya refused to give up. Even though he has been punished to the maximum sentence in these two cases, Benny is still adamant that the results of the investigative audit conducted by the Supreme Audit Agency (BPK) are flawed. Last week, Benny sued the institution for the fifth time in the last two years.

The Government’s anti-corruption spirit was tarnished after the wealth of Rafael Alun Trisambodo, a tax official, came under scrutiny. Later, Rafael was suspected of having wealth related to suspicious transactions that had been carried out for more than 12 years. Rafael was named suspect by the Corruption Eradication Commission (KPK) in March 2023, but the process was only made official at the beginning of this month.

It seems that Robert Tantular (former owner of Bank Century/now Bank J Trust) is not going to let his dispute with Antonius Vidi Kamadjaja just end. This week, Robert once again filed a lawsuit against Anton, through the South Jakarta District Court. This is the fourth lawsuit Robert has filed in the last two years.

It hasn’t been that long since a railway line outside Java was inaugurated, who would have guessed that the parties involved in this project were not spared from corruption. We started this week with the news that the Corruption Eradication Commission (KPK) carried out a sting operation and uncovered a corruption scheme carried out by parties at the Directorate General of Railways at the Ministry of Transportation. The KPK officially announced that they colossally named 10 suspects. 

At the end of 2021, the South Sulawesi High Prosecutors’ Office (Kejati Sulsel) announced that they were investigating allegations of corruption within the Makassar City Regional Drinking Water Company (PDAM Makassar). Prosecutors revealed that this case started with the audit findings of the Supreme Audit Agency (BPK). We have to wait for more than a year before the prosecutor announces the progress of the investigation and names suspects, one of whom is Haris Yasin Limpo, younger brother of the Minister of Agriculture, Syahrul Yasin Limpo. When the announcement was made, we immediately remembered another corruption case that also ensnared Syahrul’s younger sister, Dewie Yasin Limpo. Meanwhile, the emergence of this case in the midst of a lot of pressure on NasDem is unlikely to be passed easily. Syahrul is a NasDem politician.

Last month, the Central Jakarta District Court made a controversial decision and granted the civil lawsuit registered by the Partai Rakyat Adil Makmur (Just Prosperous People’s Party – Partai Prima). The decision ordered the General Elections Commission (KPU) not to carry out the remaining stages of the upcoming 2024 general election and to repeat the preparation stages from the beginning. This decision fortunately was overturned by the Panel of Appeal this week. However, far from being reported by national media outlets, the KPU is currently in a circle of allegations of sexual harassment that are wrapped in conflicts of interest. This allegation is related to Hasnaeni, a defendant in a case of alleged corruption related to Waskita Beton. What a headache.

Today, PT Siemens Healthineers Indonesia announced the existence of clearly uncollectible accounts receivable (piutang yang nyata nyata tidak dapat ditagih) from 10 customers. Its value reached Rp1.7 billion. This announcement is interesting, because it was published in the middle of the tax reporting period, and in the midst of the emergence of various tax scandals. What exactly is meant by uncollectible accounts receivable?

Today, April 12, 2023, the Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (Satgas BLBI) scheduled meetings with 14 obligors. Most of them are companies and their management with total liabilities/outstandings that were billed, including administration fees, reached over Rp280 billion.