The managements of the Indonesia Stock Exchange (IDX) and Lippo Group are scheduled to meet on Thursday to discuss the fate of Meikarta, its flagship modern city in Cikarang, east of Jakarta, amid an ongoing bribery case.

IDX director I Gede Nyoman Yetna said IDX management had initially scheduled the meeting for Tuesday but had to reschedule to accommodate schedules. 

“The bourse plans to have a meeting with Lippo on Thursday at 2 p.m.,” Nyoman said on Wednesday as quoted by tribunnews.com.

 The Corruption Eradication Commission (KPK) has accused Bekasi Regent Neneng Hasanah Yasin of accepting Rp 513 million (US$33,740) and S$90,000 ($65,400) from businesspeople in a case revolving around the issuance of permits for the Meikarta project.

The KPK named businessman Billy Sindoro, who according to the KPK is a Lippo Group executive, a suspect, along with two Lippo Group consultants – Taryudi and Fitra Djaja Purnama – and Lippo employee Henry Jasmen.

PT Mahkota Sentosa Utama (MSU), a subsidiary of PT Lippo Cikarang, part of the Lippo Group, responded the case through its lawyer, Denny Indrayana that the corporation would not tolerate any corrupt practice by its employees. (bbn)