MNC Asia Files Appeal After PT Jakarta's Decision to Set Lower Compensation

ILLUSTRATION UNSPLASH

JAKARTA - PT MNC Asia Holding will appeal the decision of the Jakarta High Court (PT) in the case of PT Citra Marga Nusaphala Persada Tbk (CMNP). Legal Counsel of PT MNC Asia Holding, Chris Taufik said this step was taken because there were fundamental issues regarding the parties who should be responsible.

The decision was taken after PT Jakarta had decided to reduce the obligations imposed on MNC Asia Holding in the first-instance ruling. This matter is recorded with Number 436/PDT/2026/PT DKI and was tapped on Tuesday, August 11.

"We will appeal, because our position is still the same: The one who issued the goods is not us, the one who issued it is UniBank and UniBank as the party who should be responsible for this is not the party (that is sued, ed)," Chris told reporters, Wednesday, August 12.

According to Chris, MNC Asia Holding in the case only acted as an agent. Meanwhile, the product that is the object of dispute in the form of Negotiable Certificate of Deposit is issued by UniBank.

Therefore, his party hopes that the panel of judges at the cassation level can review the position of each party and consider UniBank as a party that he thinks should be held accountable.

On the other hand, Chris welcomed the appeal decision of the DKI Jakarta High Court. He said the decision reduced a number of obligations that had previously been imposed on MNC Asia Holding in the first-instance ruling.

"If I look at it, we won. For us, this is a small victory," he said.

"We are happy, lah, with this decision," Chris continued.

MNC Asia Holding was ordered to pay compensation of 28 million US dollars (USD) with 6 percent interest and intangible losses of IDR 50 billion in the first ruling.

Meanwhile, in the appeal decision, according to Chris, the obligation to pay interest and intangible losses is no longer imposed. Thus, the remaining obligation is the principal payment.

"So, the demand is indeed one by one has been dropped. Kan at the first level there was a question of interest, interest, plus intangible losses. Now there is no interest, the intangible is also gone, it's just the main thing," he said.

Chris assessed that the change showed that the panel of judges of the DKI Jakarta High Court had corrected the first-instance verdict and began to consider the arguments submitted by MNC Asia Holding.

"This High Court decision clearly corrects the PN's decision and shows that there has been a doubt, maybe from the judges. Doubtful, that's why it was reduced, that's why I said this was a victory that was reduced," he said.

In addition, Chris emphasized that there was no seizure of bail in the case. He said that the application for seizure of bail submitted by CMNP since the Central Jakarta District Court level was not granted.

"It's just crowded on social media, but it's quiet in reality. There is no guarantee of confiscation. If the confiscation of the guarantee is from the District Court, it will not be granted," said Chris.

He said CMNP's efforts to obtain a seizure guarantee through the appeal process also did not result in a decision granting the request.

"Then they try to work so that it can be granted in appeal, in appeal it is not re-monitored. There is no confiscation, there is no," he concluded.