This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Founder of Indonesia's Bank Panin could be implicated in tax-bribery case

By Jet Damazo-Santos ( September 23, 2021, 06:36 GMT | Insight) -- Bank Panin’s founder and ultimate owner, Mu'min Ali Gunawan, could be implicated in the corruption case involving former tax officials accused of accepting bribes to lower tax assessments. The indictment read out in court states that Mu'min Ali ordered a trusted aide to negotiate Bank Panin’s tax liabilities for 2016. The listed bank is the eighth largest lender in the country. In 2019, the ANZ Group acquired a 38.83 percent stake in it, while founder Mu’min Ali retained 46 percent.One of the most senior figures in Indonesia’s banking industry could be implicated in a corruption case, as the trial of former tax officials accused of receiving bribes from companies including Bank Panin begins in Jakarta. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections