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JAKARTA Subsidiaries of some of the world’s biggest palm oil companies have been found guilty by Indonesia’s anticompetition watchdog of restricting sales of cooking oil amid acute shortages last year. Indonesia is the world’s biggest producer of palm oil, the most widely used vegetable oil for cooking oil, yet consumers across the country faced […]
JAKARTA The combination of weak antigraft policies, lack of transparency, revolving-door politics, and the prevalence of politically exposed persons within companies makes Indonesia’s palm oil industry highly prone to corruption, a new report says. Published by anticorruption NGO Transparency International Indonesia (TII), the report evaluates the top 50 palm oil companies in Indonesia, the […]
JAKARTA Anticorruption activists in Indonesia have criticized as too lenient the sentences handed down by an Indonesian court against officials at the center of a cooking oil shortage that rocked the world’s top producer of palm oil. A trade ministry official, a prominent economist, and three palm oil executives were on Jan. 4 convicted […]
JAKARTA (Reuters) - An Indonesian court on Wednesday sentenced a former senior official at the trade ministry and three palm oil company executives to.