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Wilmar's PR says that this 11.8trillion is a "security deposit" and will be returned if Supreme Court maintains the Jakarta Court judgement. The Jakarta Court judgement in April says Wilmar and 2 other companies been implicated are innocent but Indonesia authorities have since arrested a couple of judges and a Wilmar employee. Noticeably, Wilmar had released a PR denying that any of its staff have been involved in any investigations just a day earlier before the arrest.
This case has created a big hoo-haa in Indonesia and Indonesians are not exactly in a benevolent state of affairs right now. The Indonesian government and authorities are probably well incentivised to penalize big multinational corporations and divert attention/fury off their own performance.
Indonesia seizes 11.8 trillion rupiah from Wilmar Group in palm-oil graft case
[JAKARTA] Global palm oil company Wilmar Group has handed over 11.8 trillion rupiah (S$928 million) to the Indonesian authorities in the company’s ongoing fight against corruption charges tied to the country’s 2021 cooking-oil crisis.
In April 2025, however, the AGO arrested a chief judge, a court employee and two lawyers on suspicion of graft. The judge was said to have accepted 60 billion rupiah in bribes to issue favourable rulings for three palm-oil companies, including Wilmar Group.
Despite the court’s decision to acquit the companies, the AGO said prosecutors had sought financial penalties, including the one billion rupiah fine and 11.8 trillion rupiah in compensation for state losses. The AGO also arrested an employee of Wilmar in connection with the case in April.
https://www.businesstimes.com.sg/interna...graft-case
This case has created a big hoo-haa in Indonesia and Indonesians are not exactly in a benevolent state of affairs right now. The Indonesian government and authorities are probably well incentivised to penalize big multinational corporations and divert attention/fury off their own performance.
Indonesia seizes 11.8 trillion rupiah from Wilmar Group in palm-oil graft case
[JAKARTA] Global palm oil company Wilmar Group has handed over 11.8 trillion rupiah (S$928 million) to the Indonesian authorities in the company’s ongoing fight against corruption charges tied to the country’s 2021 cooking-oil crisis.
In April 2025, however, the AGO arrested a chief judge, a court employee and two lawyers on suspicion of graft. The judge was said to have accepted 60 billion rupiah in bribes to issue favourable rulings for three palm-oil companies, including Wilmar Group.
Despite the court’s decision to acquit the companies, the AGO said prosecutors had sought financial penalties, including the one billion rupiah fine and 11.8 trillion rupiah in compensation for state losses. The AGO also arrested an employee of Wilmar in connection with the case in April.
https://www.businesstimes.com.sg/interna...graft-case