Featured Indonesia

Guernsey: Standard Chartered did not check possible link to crime

Standard Chartered failed adequately to check whether assets owned by some of its Indonesian clients were linked to crime or tax evasion, Guernsey’s financial regulator said yesterday. The Guernsey Financial Services Commission said that it had found “serious” breaches of financial rules. Standard Chartered, based in London, was created by… Read More

‘Aphrodisiac’ of the ocean: how sea cucumbers became gold for organised crime

It’s after sunset in Jaffna when Anthony Vigrado dives into the waters of Palk Bay, scanning the seafloor to collect what seems to be prized treasure. What he comes back with are sea cucumbers – long, leathery-skinned creatures that are increasingly valuable and the source of his income for the… Read More

Criminal Gangs Are Cashing in On Humanity’s Plastic Crap

Imagine for a moment the world of organized crime in Southeast Asia, and you may picture meth labs, human-trafficking rings, or the billion-dollar trade in endangered species. But lately law enforcement has noticed the oddest of goods circulating in the underworld: plastic junk such as bottles, candy wrappers and… Read More
20th January 2021
By Sadie Brown, OCCRP, 19 January 2021 OCCRP — An Indonesia-based global cigarette paper supplier agreed to pay nearly US$2.6 million in fines for conspiracy to commit bank fraud and violating U.S. sanctions on North Korea, according to official statements. PT Bukit Muria Jaya (BMJ) admitted to… Read More
8th January 2021
Indonesia’s anti-money laundering agency has temporarily frozen bank accounts belonging to the recently outlawed Islam Defenders Front (FPI) and its affiliated groups on suspicion of money laundering. Financial Transaction Reports and Analysis Centre (PPATK) public affairs unit head Natsir Kongah said on Tuesday (Jan 6) that the move was in… Read More
16th December 2020
Indonesia will need to step out of the shadows of neighboring Malaysia’s 1MDB scandal to convince investors that its new wealth fund won’t fall prey to corruption. Nusantara Investment Authority will take lessons from other sovereign wealth funds and adopt a framework based on independence, transparency and accountability, said Isa… Read More
1st December 2020
Indonesia’s Fisheries Minister Edhy Prabowo faces up to life in jail after being arrested by the country’s Anti-Corruption Commission over lobster larvae export permits. The Anti-Corruption Commission, known by its Indonesian acronym KPK, arrested Mr Prabowo and his wife Iis Rosita Dewi as they arrived at Jakarta airport from the… Read More
26th November 2020
Anti-graft officials arrested Indonesia’s minister for maritime affairs and fisheries, Edhy Prabowo, early on Wednesday, an agency spokesman said, without giving a reason for the detention. The minister was among several people held and could be detained and questioned for up to 24 hours, added Ali Fikri of the Corruption… Read More
6th November 2020
The U.K.’s Serious Fraud Office is investigating Bombardier Inc. over what the agency described as suspected bribery and corruption related to deals with airline PT Garuda Indonesia. Bombardier disclosed the investigation Thursday with its third-quarter financial results. The Canadian plane and train maker said it had launched an… Read More
6th November 2020
Chuang Chou-wen (莊周文), a billionaire chairman of a financial holding headquartered in Taichung, Taiwan, has been arrested for his alleged connection to illegal gambling and money-laundering, and as of Wednesday (Nov. 4), he was being held in Changhua, Taiwan. Chuang, the chairman of Xin Li Wang Intl. Holding Group (新力旺國際控股集團),… Read More
28th October 2020
Southeast Asian countries are lagging behind in the adoption of registries with information on companies’ true owners, a tool deemed crucial to fight corruption, money laundering and terrorism financing, according to a report by the United Nations Office on Drugs and Crime. “While transparency in the banking sector is… Read More
28th October 2020
An Indonesian graft court has sentenced businessman Benny Tjokrosaputro to life in prison for a stock manipulation scheme that helped trigger losses of more than $1 billion at state insurer Asuransi Jiwasraya, state news agency Antara said. Three of the insurer’s executives were among the five other defendants sentenced to… Read More
3rd September 2020
The Attorney General’s Office (AGO) has named prosecutor Pinangki Sirna Malasari a suspect of money laundering and bribery after she allegedly received money from graft convict Djoko Soegiarto Tjandra to help him secure a Supreme Court acquittal. Investigation director for the AGO’s junior attorney for special crimes, Febrie Adriansyah, said… Read More