SKK Migas Scandals: Ibas, Chevron, Priyono…(III)
Pressures have been mounted to the Corruption Eradication Commission (KPK) to immediately examine Deni Karmaina, allegedly high school friend of Edhie Baskoro Yudhoyono (Ibas), in graft scandals surrounding SKKMigas, the powerful upstream oil and gas regulatory body. Deni, CEO of PT Rajawali Swiber Cakrawala (RSC), has been banned from overseas travel since November 2013. What do we know about RSC?
SKK Migas Scandals: Ibas, Chevron, Priyono…(II)
It was initially Kernel Oil. Investigations then led to other names: Deviardi, golf trainer of Rudi Rubiandini, revealed about Surya Esa Perkasa, Panca Amara Utama, and Parna Raya Group. Gerhard Marteen Rumeser, Rudy’s former deputy, mentioned about PT Timas and the lucrative US$1.88 billion contract for Chevron’s multi billion dollar Gendalo-Gehem project. Who’s behind Timas? How about Rajawali Swiber Cakrawala?
SKK Migas Scandals: Ibas, Chevron, Priyono…
PT Rajawali Swiber Cakrawala, participant in the tender for Chevron’s multi billion dollar Gendalo-Gehem project, PT TIMAS, former BPMigas chief R Priyono, Democratic Party lawmaker Jhonny Alllen Marbun and Edhie Baskoro Yudhoyono (Ibas), lawmaker and son of President SBY, are among names mentioned in the court trial of former SKK Migas boss Rudi Rubiandini yesterday. Relationships?
Bankruptcies: Benangsari & Mitra Sutra
PT Bakrie Swasakti Utama, subsidiary of Bakrieland Development (ELTY), escaped bankruptcy after the Supreme Court denied the cassation filed by Soetomo, buyer of apartment at Taman Rasuna, recently. PT Mitra Supra, however, has been declared bankrupt in a case filed by Bank Rakyat Indonesia. How about Benangsari Indahtextindo?
Jakarta Old Town Consortium & Politics
Nine companies, representing major property & real estate developers and business group, have finally established PT Pembangunan Kota Tua Jakarta (PKTJ), which will become partner of city administration in the management and development of the Old Batavia in northern part of Jakarta. Who are they? Politics?
Lawmaker Candidates from Business Sector (VII)
Hatta Rajasa’s National Mandate Party (PAN) nominates two directors of PT Arthindo Utama, a company controlled by Hatta’s family, as lawmakers in South Sumatra and Riau election area respectively. Prabowo Subianto’s Gerindra Party also nominates commissioner of PT Kiani Lestari, a company controlled by Prabowo.
Jokowi: Gus Dur All Over Again?
Governor of Jakarta, Joko “Jokowi” Widodo, is known for his ability to reach and connect with various stakeholders. He is capable of bringing multiple interests together to successfully achieve a common goal. This was evident early in his term with the successful relocation of the Tanah Abang squatters. In the process, the Governor emphasized the backing of the police and the military. We were shown footage of TNI members painting the sidewalks of Tanah Abang market in televised reportage. It was a clear display of Tanah Abang as the triumph of cooperation. But that got me wondering about something else: where’s the TNI with Jokowi and the possibility of his presidency?
Lawmaker Candidates from Business Sector (VIII)
Aburizal Bakrie’s Golkar Party nominates Siti Hediati Haryadi (Titiek), former wife of Prabowo Subianto, as lawmaker candidate in election area of Yogyakarta, hometown of her late father Soeharto. She competes Suhardi, chairman of Prabowo’s Gerindra Party, and Hanafi Rais (son of former MPR speaker Amien Rais) from National Mandate Party (PAN) in this area.
Bachtiar Family & Hidden Treasures
Limas Centric Indonesia (LMAS) is not an attractive stock. Rarely traded, the stock returned to the ‘cushion price’ of Rp50 on Wednesday (Jan 29). At this price, LMAS only has market capitalization of around Rp39.4 billion, less than half of its equity as of September 2013 and only about one-ninth of its total assets.
Boy Thohir & Jero Wacik
The Jakarta Post published an article titled ‘Jero cooked up scheme to pay off politicians’ as its Page 2 Headline this morning. Koran Tempo, meanwhile, published an article titled ‘Widodo insists the bribe money was sourced from messenger of Boy Thohir’. These articles are connected on one issue: bribery scandal surrounding oil and gas sector.