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View all search resultsThe Jakarta Corruption Court has found a former executive and two lawyers linked to palm oil giant Wilmar Group guilty of bribing judges to clear three palm oil companies in a high-profile corruption case involving crude palm oil (CPO) export permits.
Wilmar Group legal officer Muhammad Syafei allegedly provided the Rp 60 billion (US$3.56 million) that was later used to bribe the judges and a court clerk in exchange for the acquittal of three companies in a corruption case pertaining to crude palm oil (CPO) exports.
AGO investigators have again questioned the former trade minister in connection with an ongoing graft probe, specifically over the export policies he imposed last year that led to a nationwide cooking oil shortage.
Coal and crude palm oil are the country’s key export commodities, accounting for 18.77 percent and 12.14 percent of total exports from January to November last year, according to Statistics Indonesia (BPS).
China have signed a US$2.6 billion worth of commitment to purchase crude palm oil (CPO) and its derivative products from Indonesia, allowing the archipelagic country to secure a trade boost from its number-one trading partner amid global recession.
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