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The recent scandal over MinyaKita has exposed a crack in the government and structural flaws in the domestic market obligation (DMO) policy. According to economists, the anti-market policy fails to account for volatile crude palm oil (CPO) prices, leaving producers struggling to meet costs and incentivizing violations.
Customers are up in arms over the massive corruption scandal implicating Pertamina, with some turning to more expensive but quality-assured rival brands and others deliberately purchasing potentially doctored nonsubsidized fuel to ensure that taxpayer-funded subsidies reached their intended recipients.
Despite its scheduled dissolution in 2025, new revelations have emerged regarding the massive graft case at state-owned insurer PT Jiwasraya. The case, which led to state losses of Rp 16.8 trillion (US$1.06 billion), is among the largest financial scandals in Indonesia’s history. The Attorney General’s Office (AGO) recently named Isa Rachmatarwata, the Finance Ministry’s budget director general, as a suspect in the case. According to the AGO, Isa allegedly played a key role in approving Jiwasraya’s ill-fated JS Saving Plan in 2009 despite knowing that the company was already financially insolvent at the time.
In arresting retired senior Supreme Court official Zarof Ricar last week, the Attorney General’s Office (AGO) appears to have killed two birds with one stone. State prosecutors not only revealed alleged bribery in the controversial acquittal of a former politician’s son of murder charges in Surabaya, but also entrenched corruption within the country’s judicial system.
The leadership crisis at the Indonesian Chamber of Commerce and Industry (Kadin) continues as Arsjad Rasjid and Anindya Bakrie both claim to be the lobby group’s chairman following a meeting mediated by Golkar Party chairman Bahlil Lahadalia.
