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Indonesian Supreme Court overturns acquittals of Wilmar and two other Indonesian palm oil groups

Nicole Lim
Nicole Lim • 2 min read
Indonesian Supreme Court overturns acquittals of Wilmar and two other Indonesian palm oil groups
In May, Wilmar submitted a security deposit of IDR11.88 trillion to authorities after the court requested that the accused demonstrate their belief in the judicial system by placing a deposit. Photo: Bloomberg
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The Indonesian Supreme Court has overturned the acquittals of Wilmar International and two other major palm oil groups in Indonesia, as part of an ongoing corruption case involving allegations of bribery to obtain palm oil export permits in 2022.

In May, Wilmar International submitted a security deposit of IDR11.88 trillion ($930 million) for “corrupt actions” carried out in 2021 during a shortage of cooking oil in the Indonesian market with the Indonesian Attorney General’s Office (AGO).

This was in response to the Indonesian Attorney General’s Office (AGO) bringing charges against five of Wilmar’s subsidiaries, Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia and Wilmar Nabati Indonesia, for the harming of state finances, unauthorised profits and harming the business sector. The alleged actions took place during July 2021 and December 2021.

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