Earlier this year, the Satgas BLBI (Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia), a task force under Minister of Finance Sri Mulyani Indrawati's supervision to recover funds related to the 1997-1998 financial crisis, confiscated...

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia ( Satgas BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, has summoned owners/management of some companies, including two banks registered in Singapore.

The Attorney General’s Office (AGO) previously announced that it is investigating alleged irregularities in the provision of salt import quota since 2016 and will soon announce the progress in this case. This announcement is interesting because allegations of corruption in relation to salt industry have been around for a long time but there have been no meaningful results. The only actual decision was made by Business Competition Supervisory Commission (KPPU) after investigating the cartel-like practice in the salt industry. However, this time the AGO wasn’t plating around. On Nov. 2, 2022, the AGO announced four suspects in the case, three of whom are officials of the Ministry of Industry. 

Several months ago, the Attorney General’s Office (AGO) announced that they are investigating a case of alleged corruption related to BAKTI project, an institution under the Ministry of Communication and Informatics. The AGO said they will conducted a case reconstruction several weeks ago. This week, the AGO finally announce the case, which allegedly caused trillions of State losses. 

Nearly three years ago, problems within Koperasi Simpan Pinjam (Kospin) Indosurya Cipta were exposed. Initially, the Kospin was able to resolve their debt dispute with peace agreement, but police investigation found that the executives committed crimes in running the business, three suspects were announced. Far from media coverage, two months ago the peace agreement was annulled by the court, the Kospin was officially bankrupt. Meanwhile, dockets of the suspects in criminal case had been completed.and the trial of Henry Surya started last month. Our question remains the same, with the ongoing trial on allegation of money laundering, will the clients’ money be returned?

In 2019, PT Mitra Keluarga Karyasehat Tbk (MIKA) was involved in two corporate actions. First, Mitra Keluarga acquired shares owned by PT Bina Husada Gemilang (PT BHG). Second, through PT Rumah Kasih Indonesia (PT RKI), Mitra Keluarga also acquired a majority shares in PT Bakti Gemilang Anak Sejahtera (PT BGAS). The two large corporate actions should have been reported directly to the Business Competition Supervisory Commission (KPPU), but the notification in question were only given two years later, in 2021. Last week, KPPU decided that Mitra Keluarga and PT RKI violated the provisions of the Law and were sentenced to pay fine of Rp1 billion each.

Trial of the President Director of PT Diratama Jaya Mandiri, Irfan Kurnia Saleh, who was named a graft suspect by the Corruption Eradication Commission (KPK) in a supposedly problematic procurement of AgustaWestland helicopter continues. In the latest hearing, an active military officer attended as one of the witnesses and conveyed how it is usual to provide a command fund (dana komando).

The case of corruption in the procurement process of the electronic identity card (E-KTP) has finally reached the finish line. After several years of delay, the last two defendants were finally found guilty at trial this week. But even though this case has ensnared many parties, questions await to be answered.

As we previously reported, when Vice President Real Estate of PT Summarecon Agung Tbk (SMRA), Oon Nusihono, was arrested, we’re baffled because before being arrested in this sting operation, he had been investigated by the KPK in another corruption case that ensnared the Bekasi Mayor, Rahmat Effendi a.k.a Pepen. The time gap between Oon’s examination as a witness in the Bekasi case and the sting operation in Yogyakarta was only one month apart.

The Kayan Cascade Hydroelectric Power Plant (PLTA) located in North Kalimantan is said to be the largest hydropower plant in Southeast Asia because it will use an area of more than 2,600 hectares and five dams to generate 9,000 MW of electricity. The development of this hydropower plant has been discussed since 2011, with initial cooperation with investors from China. However, there is not much news about the progress of the project until in early October 2022, when the initiator of the PLTA Kayan, PT Kayan Hydro Energy (PT KHE) signed a construction agreement with Sumitomo Corporation. PT KHE at the time claimed to already have the necessary permits, but towards the end of last week, PT KHE filed two lawsuits against the Minister of Agrarian Affairs or the Head of the National Land Agency.