They are so familiar to those of us who follow FCPA enforcement actions that we’re likely to stop noticing them. Petrobras in Brazil, Corpoelec and PDVSA in Venezuela, Pemex and CFE in Mexico, Takilant in Uzbekistan, Sonangol in Angola, Alba in Bahrain, Telecommunications D’Haiti, 1MDB in Malaysia, and Pertamina in Indonesia.… Continue Reading
Posts Tagged: Pertamina
Tackling demand-side bribery, as the proposed Foreign Extortion Prevention Act aims to do, is complex. On the supply side, we know in most cases why business people pay bribes. In the words of the FCPA, it’s to obtain or retain business or secure an improper advantage.… Continue Reading
Indonesia authorities said that as part of the global investigation into chemical maker Innospec Inc, two individuals were convicted and sentenced for bribery offenses.
A court in Jakarta convicted Suroso Atmomartoyo in late October, according to a case update posted by the UK Serious Fraud Office.… Continue Reading
Indonesia’s independent anti-graft agency will target the energy industry to investigate what President Joko Widodo has called an “oil and gas mafia.”
The head of state energy company PT Pertamina, Karen Agustiawan, was ordered to pay bribes to members of the House of Representatives, evidence from a related investigation allegedly revealed.
Indonesia’s Independent Corruption Eradication Commission (KPK) prepared a case dossier about former SKKMigas chief Rudi Rubiandini that implicated the Pertamina boss, according to industry source Oil Patch Asia.… Continue Reading
A lawyer for Singapore-based energy trader Kernel Oil said Tuesday that a company official bribed a top Indonesia regulator to break into the country’s oil industry.
Kernel Oil’s Simon Gunawan Tanjaya allegedly paid two bribes totaling $700,000 to the head of SKKMigas, Rudi Rubiandini.… Continue Reading