Tag: Dana Pensiun Pertamina

Corruption Journal: Tonny Budiono’s Verdict and Edward Soeryadjaya’s Trial

by | May 18, 2018 | , | 0

The former Director General of Sea Transportation Antonius Tonny Budiono, who was caught back in August 2017 after receiving a bribe from the Commissioner of PT Adhiguna Keruktama (AGK) Adiputra Kurniawan, was found guilty on May 17, 2018. A day before Tonny’s hearing, the Corruption Court of the Central Jakarta District Court continued the trial of Edward Soeryadjaya, who was named a suspect in the case of alleged corruption related to misplaced investments made by Dana Pensiun Pertamina. The proceedings continued even though the South Jakarta District Court had previously granted Edward’s pre-trial petition and annulled his status as a suspect. 

Read More

Edward Soeryadjaya’s Woes

by | Apr 30, 2018 | , , | 0

In October 2017, the Attorney General’s Office (AGO) named Edward Soeryadjaya, founder of PT Sugih Energy Tbk (SUGI), as the second suspect in the case of alleged corruption related to misplaced investments made by Dana Pensiun Pertamina. The first suspect—the former President Director of Dana Pensiun Pertamina M. Helmi Kamal Lubis—was convicted in January 2018. Edward’s docket, meanwhile, was expedited to the stage of prosecution on April 18, 2018. But last week, several national media outlets reported that the South Jakarta District Court had granted Edward’s pre-trial petition, by which the AGO’s decision to name him a suspect was declared unlawful.

Read More

Scrutinizing Pension Funds of SOEs

by | Feb 19, 2018 | , | 0

Late last month, the court sentenced Helmi K Lubis, former CEO of Pension Fund of state oil and gas company Pertamina, five years and six months prison. He is also required to pay a replacement of state losses of Rp46.21 billion related to corruption committed when he was CEO of the pension fund. How about pension funds in other state companies?

Read More

The End for Helmi Kamal Lubis?

by | Jan 30, 2018 | | 0

The former President Director of Dana Pensiun Pertamina M. Helmi Kamal Lubis, who was named a graft suspect following the problematic purchase of shares of PT Sugih Energy Tbk (SUGI) over a year ago, was found guilty on January 29, 2018. Of the several charges listed by the Attorney General’s Office (AGO), the Panel of Judges decided that Helmi violated the subsidiary charges. The Panel of Judges ordered the AGO to return and/or unblock some of Helmi’s assets that are considered unrelated to the crime. But even though the trial is over, there are still unanswered questions.

Read More

Helmi Kamal Lubis’ Defense Plea

by | Jan 24, 2018 | | 0

The Attorney General’s Office (AGO) named the former President Director of Dana Pensiun Pertamina M. Helmi Kamal Lubis a graft suspect following the problematic purchase of shares of PT Sugih Energy Tbk (SUGI) over a year ago. His trial began in November 2017 and the prosecutors read their demands on January 15, 2018. On January 22, the trial continued with Helmi and his team of legal counsels reading their defense plea.

Read More
Loading
error: Content is protected !!