JAKARTA — Indonesian prosecutors have charged three major palm oil companies in connection with a cooking oil shortage that rocked the world’s top producer of palm oil. The Attorney General’s Office announced June 15 that it had charged the companies — the Permata Hijau Group, Wilmar Nabati Indonesia, and Musim Mas — with corruption. All […]
Indonesian prosecutors have charged three palm oil giants with corruption relating to a cooking oil shortage across the country last year.
Permata Hijau, Wilmar International and Musim Mas are alleged to have benefited from the criminal actions of their executives, who were convicted earlier this year in the same case.
The executives were found to have bribed a top trade ministry official to issue the companies with permits to export their palm oil for a high price rather than sell it domestically at a capped rate.
Industry watchdogs have welcomed efforts to prosecute the companies, but say these must be accompanied by an overhaul of the industry in general.
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