Singapore link surfaces in Indonesian bribery case according to Business Times report. “The website of low-key oil trader Kernel Oil bore an “under maintenance” sign yesterday morning.
In the afternoon, the site was back up, with its corporate overview stating that the company was set up here as a crude oil and oil products trader in 2004, and that its office was at The Plaza in Beach Road.”
There were few details beyond that – not even the names of its trading team or its management, except that the company is being led by “well-established individuals in the oil and gas industry”.
The Indonesian energy regulator was arrested during an anti-corruption operation by KPK officials in his Jakarta apartment late on August 13.
The little-known trader was, however, in the news this week, following reports in Jakarta that an executive from its Indonesian office had been arrested in connection with an alleged bribery case involving Rudi Rubiandini, the head of SKK Migas.
Rudi Rubiandini was arrested at his Jakarta home late Tuesday with stacks of US and Singapore dollars in a black bag and small boxes, said the anti-graft agency, the Corruption Eradication Commission (KPK).
Almost $200,000 more, believed to be bribe money, was found in Rubiandini’s house. Some $200,000 was also found in the middleman’s house.
SKK Migas, formerly BPMigas, is the agency overseeing the exploration and production of crude oil and natural gas in Indonesia.