Back in July 2024, the Business Competition Supervisory Commission (KPPU) began an investigation into alleged violations related to corporate actions carried out by PT Tamaris Hidro Tbk (TYRO), a hydropower operator and part of the Salim group. The alleged violation in question was the delay in notification of the takeover of shares in PT Sumber Baru Hydropower. Far from media coverage, the KPPU declared PT Tamaris Hidro guilty towards the end of 2024, but the company resisted and filed for an objection. We recently learned that the objection was granted and the KPPU decision was annulled.

While the Attorney General’s Office (AGO) is completing its investigation into two cases involving the directors of the subsidiary and sub-subsidiary of Telkom Indonesia (TLKM), the Corruption Eradication Commission (KPK) has emerged with another investigation, still related to the parties who are the subjects of the AGO investigation. The KPK only announced the details of the case at the beginning of this year. However, all these legal issues are not enough. Last week, the Jakarta High Prosecutor’s Office (Kejati Jakarta) announced a new case of alleged corruption, which directly involves TLKM. What a mess.

It has been over two years since the Attorney General’s Office (AGO) break the news that they have commenced investigation into the case of alleged corruption related to a subsidiary and a sub-subsidiary of PT Telkom Indonesia (Persero) Tbk (TLKM), this is after the public found out about the jumbo loss from Telkomsel’s investment in Gojek/GOTO, then enter the Corruption Eradication Commission (KPK) with their new investigation concerning the same subsidiary, but all this is not enough. Recently we learned that the prosecutors’ office is investigating another corruption allegation, this time directly related to TLKM. 

The geostationary orbit scandal and the alleged violations in satellite management cooperation at the Ministry of Defense which had been uncovered for quite a while entered a new and even more complicated chapter. The Indonesian Government was sued by its former...

While the first batch of defendants in the corruption case involving PT Timah have been convicted, other suspects who were named a bit later have undergone their indictment trials, away from the media spotlight. Three of whom were found guilty recently. In relation to...

After uncovering the massive alleged corruption in PT Timah's operational area, the Attorney General's Office (AGO) and its staff in the affected areas successfully investigated three different cases with a total of 22 suspects. Throughout last year until early this...

Within less than a year since the first suspect in the case of alleged corruption related to the tin trading system carried out in the Mining Business License (IUP) area owned by PT Timah Tbk (TINS) was announced by the Attorney General’s Office (AGO), several suspects have been convicted. The case mainly garnered attention thanks to Harvey Moeis and Helena Lim, both were also found guilty towards the end of 2024. Although the verdict and legal consideration left many questions, the next investigation was commenced. The AGO had named five corporate suspects, while the appeal petition to the court verdict had turned against the convicts. However, efforts to recover State losses have encountered new obstacles, one of the convicts and key persons in this scheme has died.

Entering the seventh year since the corruption case in Cirebon was discovered, what started as a “simple” and “ordinary” corruption case turned out to be the gateway to uncovering a cross-country corruption case. In Japan, the unchanging culture of corruption in Indonesia is in the spotlight, in South Korea, meanwhile, efforts to investigate the related parties can be carried out together with the Corruption Eradication Commission (KPK).

In 2024, Hyundai Motor Company and PT Adaro Minerals Indonesia Tbk (ADMR) end their agreement on the provision of aluminium supply which was previously stated in a Memorandum of Understanding (MoU) signed in 2022. ADMR stated that the termination was agreed between all parties, however, news emerged that Hyundai took this decision due to pressure from environmental activists who are part of ARMY, the fanbase of the world’s most beloved idol group, BTS. Regardless of the truth of this claim, the situation reminds us of the unfinished investigation conducted by the Corruption Eradication Commission (KPK) which concerns a GM of Hyundai. This week, KPK finally revealed that the investigation and inquisition into the case continues. To make things even more interesting, a “parallel” investigation was commenced in South Korea towards the end of 2024.

Last year, PT Patra Logistik, part of Subholding Commercial & Trading of PT Pertamina (Persero), made headlines because one of the newly appointed directors of the company at the time, amidst all the negative sentiment regarding political dynasties, is the nephew of then President Joko “Jokowi” Jokowi. However, at around the same time, the company had to face a legal issue. PT Putra Patra Utama (PT PPU), one of the company’s partners had claimed that Patra Logistik had neglected to fulfill its payment obligations and filed for a PKPU lawsuit, seeking for the company to restructure its debts. After three attempts, the Panel of Judges of the Commercial Court at the Central Jakarta District Court granted the PKPU lawsuit and Patra Niaga officially entered their PKPU period. The process is ongoing.