In relation to the media coverage on the verdict by the Central Jakarta District
Court dated 14th April 2011 No: 10/PDT.G/2010/PN.JKT.PST on a law suit filed by
Siti Hardiyanti Rukmana against PT Cipta TPI on print media and electronic media,
we hereby wish to rectify on various misconceptions as follows:
1. The verdict by the Central Jakarta District Court dated 14th April 2011 DID
NOT PENALIZE PT Media Nusantara Citra Tk ("PT MNC Tbk") as the current
shareholder of 75% stake in PT Cipta TPI nor did the verdict by the Central
Jakarta District Court ever penalized PT MNC Tbk by surrendering the 75%
stake in MNCTV to Siti Hardiyanti Rukmana. In fact, PT MNC Tbk was not a
party in the lawsuit/not a party in the legal case. The public has been
furnished with DECEITFUL REPORTS by the media that PT MNC Tbk must
transfer their 75% ownership in PT Cipta TPI to Siti Hardiyanti Rukmana.
The verdict by the Central Jakarta District Court dated 14th April 2011 did
not affect nor incur any legal ramifications whatsoever on the status of PT
MNC Tbk's share ownership in PT Cipta TPI at this present time or in the
Court dated 14th April 2011 No: 10/PDT.G/2010/PN.JKT.PST on a law suit filed by
Siti Hardiyanti Rukmana against PT Cipta TPI on print media and electronic media,
we hereby wish to rectify on various misconceptions as follows:
1. The verdict by the Central Jakarta District Court dated 14th April 2011 DID
NOT PENALIZE PT Media Nusantara Citra Tk ("PT MNC Tbk") as the current
shareholder of 75% stake in PT Cipta TPI nor did the verdict by the Central
Jakarta District Court ever penalized PT MNC Tbk by surrendering the 75%
stake in MNCTV to Siti Hardiyanti Rukmana. In fact, PT MNC Tbk was not a
party in the lawsuit/not a party in the legal case. The public has been
furnished with DECEITFUL REPORTS by the media that PT MNC Tbk must
transfer their 75% ownership in PT Cipta TPI to Siti Hardiyanti Rukmana.
The verdict by the Central Jakarta District Court dated 14th April 2011 did
not affect nor incur any legal ramifications whatsoever on the status of PT
MNC Tbk's share ownership in PT Cipta TPI at this present time or in the
future. Consequently, the verdict does not have any effect on the legal
status nor interrupt the operations on the share ownership,
management/Board of Directors and Board of Commissioners.
2. The verdict by the Central Jakarta District Court dated 14th April 2011 only
encompassed the relationship between Siti Hardiyanti Rukmana and PT
Berkah as the former or old shareholder for 75% stake in PT Cipta TPI and
because Siti Hardiyanti Rukmana had only filed the law suit against the old
shareholder (PT Berkah), for that reason, the verdict by the Central Jakarta
District Court on the law suit by Siti Hardiyanti Rukmana do not have any
legal consequences on the current shareholder (PT MNC Tbk).
3. Furthermore, the judge stated that the verdict by the Central Jakarta
District Court on the legal case between Siti Hardiyanti Rukmana
against the former shareholder (PT Berkah) cannot be implemented as
Berkah has decided to file an appeal in the High Court where the
process for a verdict may take between four months to one year. A
verdict by the High Court that is deemed unfavorable by any party may
be appealed through a cassation to the Supreme Court and this process
may take another four months to one year. Any party that is dissatisfied
by the verdict on the cassation has the right to a final appeal by
presenting the Supreme Court with a new evidence through the process
of a judicial re-examination that may take four months to one year for a
verdict. The verdict on the judicial re-examination is binding and
enforceable by every party on the legal case.
In the worst possible scenario whereby PT Berkah received an unfavorable
ruling on the judicial re-examination, the verdict will not have any legal
ramification whatsoever on the new shareholder as PT MNC Tbk is not a
party in the legal case, consequently the verdict will not have any effect on
the legitimate ownership of PT MNC Tbk for 75% stake in PT Cipta TPI.
encompassed the relationship between Siti Hardiyanti Rukmana and PT
Berkah as the former or old shareholder for 75% stake in PT Cipta TPI and
because Siti Hardiyanti Rukmana had only filed the law suit against the old
shareholder (PT Berkah), for that reason, the verdict by the Central Jakarta
District Court on the law suit by Siti Hardiyanti Rukmana do not have any
legal consequences on the current shareholder (PT MNC Tbk).
3. Furthermore, the judge stated that the verdict by the Central Jakarta
District Court on the legal case between Siti Hardiyanti Rukmana
against the former shareholder (PT Berkah) cannot be implemented as
Berkah has decided to file an appeal in the High Court where the
process for a verdict may take between four months to one year. A
verdict by the High Court that is deemed unfavorable by any party may
be appealed through a cassation to the Supreme Court and this process
may take another four months to one year. Any party that is dissatisfied
by the verdict on the cassation has the right to a final appeal by
presenting the Supreme Court with a new evidence through the process
of a judicial re-examination that may take four months to one year for a
verdict. The verdict on the judicial re-examination is binding and
enforceable by every party on the legal case.
In the worst possible scenario whereby PT Berkah received an unfavorable
ruling on the judicial re-examination, the verdict will not have any legal
ramification whatsoever on the new shareholder as PT MNC Tbk is not a
party in the legal case, consequently the verdict will not have any effect on
the legitimate ownership of PT MNC Tbk for 75% stake in PT Cipta TPI.
source: IDX website