Author: Indra Budiari

Dayaindo-SUEK Mediation Talks Fall Through

Posted by | January 5, 2012 | , , | 0 |

JAKARTA (Indonesia Today) ??? Legal battle between PT Dayaindo Resources International (KARK) and Switzerland???s company SUEK AG should proceed through the court process as the mediation between them failed to reach an amicable settlement. Mediation judge discontinued the reconciliation process after the disputing parties failed to reach settlement in the 40-day mediation period which ended on Tuesday (Sep 18). With the failed mediation, the judge proceeds the dispute to the merits of the case. Liston Sitorus, lawyer of Dayaindo, insisted with that his client will obey London Court of International Arbitration (LCIA) with paying the US$1.19 million obligation, as long as SUEK willing to continue the Contract for Sale and Purchase of Steam Coal agreement. In the trial, SUEK stated its objection on absolute competence. According to SUEK, Central Jakarta District Court has no authority to overrule the arbitration result, since it should be decided in state court where the arbitration proceeds based on the New York Convention. The case emerged as Indonesia Stock Exchange (IDX) suspended stocks trading of PT Dayaindo Resources International (KARK) two weeks ago. The action was taken as the coal company reportedly confronts a bankruptcy lawsuit. Lawyer of SUEK AG explained that the bankruptcy suit was filed after Dayaindo failed to cover debts of PT Risna Karya Wardhana Mandiri, its subsidiary. Dayaindo, whereas, in the agreement, acts as guarantor of Risna Karya. Responding to...

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KPK Summons Governor & Former Lemhanas Boss on Buol Case

Posted by | January 5, 2012 | , , | 0 |

JAKARTA (Indonesia Today) ??? The Corruption Eradication Commission (KPK) continues investigation of Buol Regent bribery case with the summon of Syahrul Yasin Limpo, South Sulawesi Governor, and Muladi, former governor of National Resilience Institute (Lemhanas). Muladi and Syahrul will be questioned as witnesses for Amran Batalipu, Buol Regent and graft suspect. The anti graft commission, however, yet to reveal the relation between the witnesses and the graft case. They are scheduled for examination at KPK office Monday (Sep 17) The governor and former Lemhanas governor are not the only high profile names examined in the case. Tempo has previously revealed a document of examination over Amran Batalipu that mentioned about Hendarman Supandji???s involvement in the case. Former Attorney General Hendarman, according to Amran, had been appointed as director at the company owned by Hartati Murdaya. Hendarman is currently head of National Land Agency (BPN). KPK previously has detained Hartati Murdaya, former Demokrat Party advisor and businesswoman, on the bribery case. Hartati was allegedly bribing Amran Batalipu to secure her PT Hardaya Plantations. Hartati will be charged with article 5 (1) of Corruption Law. The article regulated 5 years jail time maximum sentence for a person who gives a promise or a gift to a state apparatus related to committing something against his/her authority....

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Telkom Shares Drop as Telkomsel Declared Bankrupt

Posted by | January 5, 2012 | , , | 0 |

JAKARTA, Indonesia Today – Shares of PT Telekomunikasi Indonesia Tbk (TLKM) dropped as low as 3.11% to Rp9,350 per share on Monday trade (17/9) after its subsidiary PT Telekomunikasi Seluler (Telkomsel) has declared bankrupt by Central Jakarta Commercial Court last weekend. SingTel???s shares, meanwhile, inched down 0.6% to S$3.31 on afternoon trade. Telkomsel, the largest cellular operator in the country with over 100 million users, has been declared bankrupt by the Court on Friday (Sept 14). Ricardo Indra, POH Head of Corporate Communication Group of Telkomsel, told Detik.com that the company respects the court’s verdict, but will keep on fighting against it. Ricardo said the company will soon appeal to high court. Panel of judges led by Agus Iskandar has earlier declared Telkomsel bankrupt based on a lawsuit filed by PT Prima Jaya Informatika. “We have overdue receivables from Telkomsel. Another company with overdue receivables is PT Extend Media Indonesia,” said Kanta Cahya, lawyer of PT Prima. PT Prima claimed that Telkomsel has failed to provide top-up vouchers to the company as regulated in the agreement. PT Prima, therefore, filed a bankruptcy lawsuit to the Central Jakarta Commercial Court against Telkomsel. PT Prima signed an agreement with Telkomsel in June 1st, 2011. The agreement requires the cellular operator company to provide 120 million sports edition of top-up vouchers in two purchase orders amounting Rp2.6 billion and Rp3 billion in...

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KPK Examines Budget Director General on Police Graft Case

Posted by | January 5, 2012 | , , | 0 |

JAKARTA (Indonesia Today) ??? Antigraft commission KPK continued investigation into the graft case in the police???s procurement of driving simulators with examination of Herry Purnomo, Budgetary Directorate General of Finance Ministry, Tueday (Sep 18). In the eight hours examination, Herry was questioned as witness for Police Inspector General Djoko Susilo, who earlier was named a graft suspect. Herry, after the examination, explained that he was questioned about the budget ceiling of non-tax revenues. Herry, however, stated that in the examination he only explained the debt ceiling in general. According to him, the debt ceiling for driving simulator procurement was discussed by Ministry of Finance and National Police. The case has been under the spotlight after KPK investigators conducted a search at the office of the Traffic Police Corps, Monday (Jul 30). KPK investigators were reportedly facing difficulties to search the office, including obstructions for confiscating some documents. But unfortunately, investigation over this graft case heats up the recent ???friction??? between KPK and the National Police as both claimed authority to investigate the case. So far, KPK has named four suspects including National Police???s brigadier general Didik Purnomo and inspector general Djoko Susilo. Police, on the other side, named five people as suspects on the graft case. The difference, there is no name of Djoko Susilo in the Police???s list. Djoko is alleged of violating his authority, which has caused...

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