Tranka Kabel in Serious Debt Woes

JAKARTA (Yosfeardi) – Cable producer PT Tranka Kabel is facing a serious debt trouble in its Postponement of Debt Settlement Obligation (PKPU). Based on the claim verification, the company has Rp1.4 trillion debt to 45 creditors. Ivan Garda, the PKPU administrator,...

Fathanah Faces 17.5 Years Prison Charge

JAKARTA (Yosefardi) – Ahmad Fathanah, graft defendant on beef import quota case, is facing 17.5 years jail time on bribery and money laundering cases. Prosecutor from the anti graft commission KPK considered Fathanah is guilty of receiving Rp1.3 billion bribe from PT...
PKS Patron shows up in Court

PKS Patron shows up in Court

JAKARTA (Yosefardi) – Hilmi Aminuddin, patron leader of the Prosperous Justice Party (PKS), shows up in the Corruption Court Monday (Oct. 21). He is scheduled to testify for the graft defendant and PKS suspended chairman Luthfi Hasan Ishaaq. Hilmi’s testimony is...
KPK Detains Andi Mallarangeng

KPK Detains Andi Mallarangeng

JAKARTA (Yosefardi) – After series of examinations, the anti graft commission KPK detained former Minister of Youth and Sports Andi Alfian Mallarangeng. On Oct. 17, 2013, Andi is brought to KPK detention center as suspect of Hambalang sports center project. KPK...
BRI Faces Rp210 Billion Default Lawsuit

BRI Faces Rp210 Billion Default Lawsuit

JAKARTA (Yosefardi) – State-owned bank PT Bank Rakyat Indonesia Tbk (BRI) is currently facing a lawsuit for default allegation in Central Jakarta District Court. The lawsuit was filed by PT Riau Agro Mandiri. The livestock producer claimed that it has suffered...