The Corruption Eradication Commission (KPK) revealed a confusing and prolonged dispute within KSP Intidana last year. The case was uncovered after a Sting Operation where the KPK named a Supreme Court Justice, Justice Sudrajad Dimyati, as one of the suspects. Earlier this year, the KPK confirmed that they had named another Supreme Court Justice, Justice Gazalba Saleh, as a suspect in a different case, making him the second Justice to be named a graft suspect. We finally found the missing link we have been looking for since the case was made known. This week, the trial of Justice Gazalba Saleh started.

The Government ramped up its efforts to demand payment on obligations of the infamous Bank Indonesia liquidity support (BLBI) to the obligors in 2021 with its first target being the Texmaco group. The Government initially staged the seizure of nearly 600 assets belonging to the conglomerate which forced Marimutu Sinivasan, who has been absent from the public for more than two decades, to appear and defend himself. Sinivasan filed a lawsuit, however, the court decided that the lawsuit cannot be accepted towards the end of last year. Recently, we learned that Sinivasan’s attempt to appeal failed. The Government is quickly trying to solve all the problems that are left behind.

The Attorney General’s Office (AGO) continues the investigation into the case of alleged corruption within PT Waskita Karya Tbk (WSKT). The case especially attracts attention because the investigation was conducted alongside the investigation into the company’s subsidiary, PT Waskita Beton Precast Tbk (WSBP). Towards the end of 2022, the AGO announced that they had named one Waskita Karya executive as a suspect, then a week later, the AGO announced three new suspects in the case and one suspect on allegation of obstruction of justice. Recently, the AGO announced that they have named President Director of Waskita Karya, Destiawan Soewardjono, as a new suspect in the case. What a mess.

PT Gorby Putra Utama (PT GPU), subsidiary of PT Atlas Resources Tbk (ARII) is unlikely to be free of problems any time soon. After going through several years full of lawsuits in Jakarta, we recently learned that the company has been in a prolonged dispute with another company that also claims to have rights over the same concession area. The problem is, the company in question is PT Sentosa Kurnia Bahagia (PT SKB), owned by a well-known businessman from South Sumatera, Kemas Haji Abdul Halim bin Haji Ali, who is familiarly known as Haji Halim.

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.