Management further explained that it has compiled substantial evidence to defend its position in the ongoing proceedings at the Central Jakarta District Court.

The lawsuit, registered under case number 142/Pdt.G/2025/PN Jkt.Pst on February 25, 2025, names Hary Tanoesoedibjo as the first defendant and BHIT as the second.

CMNP has petitioned the court to impose asset seizures on both defendants and to declare them guilty of committing unlawful acts that caused severe financial losses.

Meanwhile, CMNP has argued that the lawsuit was necessary to establish legal certainty regarding the securities transaction.

“PT Citra Marga Nusaphala Persada Tbk. filed this lawsuit to address unlawful acts related to the 1999 NCD exchange that caused financial losses to the company,” CMNP said in its own disclosure to the IDX.

The dispute, which stems from a transaction more than two decades ago, has now resurfaced as one of the largest corporate lawsuits in Indonesian history.

While CMNP seeks legal accountability for its multitrillion-rupiah loss, BHIT is determined to prove that it was merely an intermediary with no liability in the failed deal. (Uki Ruknuddin)

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