TEMPO.CO, Jakarta - Finance Minister Purbaya Yudhi Sadewa has responded to a judicial review petition challenging provisions governing Indonesia's Patriot Bond, saying the government will respect the legal process and await the Constitutional Court's ruling.
"I have appointed legal experts to ensure that our policies are legally sound and can be publicly accounted for," Purbaya said at the parliamentary complex in Jakarta on Tuesday, July 14, as quoted by Antara.
He said the government would follow the judicial process and wait for the court's decision.
"We will see how it develops and what the outcome of the lawsuit will be," he said.
Coalition Challenges Patriot Bond Provisions
The Anti-Money Laundering Coalition against Danantara has formally filed a judicial review petition with the Constitutional Court against Law No. 4 of 2026 on the Development and Strengthening of the Financial Sector (P2SK Law).
The coalition argues that provisions governing Danantara's Special Bonds, also known as Patriot Bonds, could create legal immunity that may undermine law enforcement, weaken tax oversight, and contradict constitutional principles of the rule of law.
The petition, submitted on July 14, seeks a constitutional review of Article 50A paragraphs (5) and (6) of the P2SK Law.
According to the applicants, the contested articles provide excessively broad legal protections for buyers of the Special Bonds by exempting them from general criminal prosecution, special criminal charges including tax-related offenses, and civil lawsuits. The provisions also limit the use of transaction data for taxation purposes and as evidence in court proceedings.
Coalition Raises Rule of Law Concerns
Muhamad Saleh, the coalition's legal representative, said the petition does not challenge the state's authority to issue investment instruments. Rather, it seeks to review legal norms that allegedly grant preferential treatment to certain groups, which the coalition argues is inconsistent with the principles of a state governed by the rule of law.
Saleh said Articles 50A(5) and 50A(6) establish a legal immunity regime with few parallels in Indonesia's legal system.
Under the provisions, he said, law enforcement agencies would be prohibited from using transaction data as evidence in court, while tax authorities would be barred from using the information as a basis for taxation. The articles also provide protection against criminal prosecution and civil litigation.
"Such provisions not only hinder law enforcement, but also contradict the principles of equality before the law, due process, and the rule of law guaranteed under the 1945 Constitution," Saleh said.
Click here to get the latest news updates from Tempo on Google News
Indonesia Secures 10th Consecutive Clean Audit for 2025 Financial Report
5 jam lalu
Indonesian Finance Minister Purbaya Yudhi Sadewa declared that the execution of the 2025 State Budget a success.
Purbaya Acknowledges Early Setbacks in Indonesia's Free Meals Program
6 jam lalu
Indonesian Minister Purbaya acknowledges the challenges faced in the initial stages of implementing the Free Nutritious Meals (MBG) program.
Patriot Bonds Lawsuit: What Does Purbaya Say About It?
16 jam lalu
Finance Minister Purbaya Yudhi Sadewa is preparing legal experts to respond the lawsuit filed against Patriot Bonds.
How Safe Is Indonesia's Debt? Minister Purbaya Responds
21 jam lalu
Minister of Finance Purbaya states that the strategy for future debt management rests upon four pillars.
Minister Purbaya Says Indonesia Will Not Raise Tax Rates
1 hari lalu
Finance Minister Purbaya Yudhi Sadewa said the government will not raise tax rates in the medium term.
Purbaya's Goals for the Rp400tn SAL Bank Transfer
3 hari lalu
Finance Minister Purbaya Yudhi Sadewa transferred Rp400 trillion in excess budget balance (SAL) to the banking sector.
Risky Budget Balance Acrobatics
6 hari lalu
The Financial Minister is withdrawing excess budget balance (SAL) funds from banks, triggering new fiscal and banking problems.
Indonesia's First-Half Revenue Hits 46 Pct of Target, Says Purbaya
7 hari lalu
Indonesian Finance Minister Purbaya reported that state revenue reached Rp1,459.4 trillion during the first half of 2026.
Indonesia Readies Incentives for Global Financial Center
11 hari lalu
Finance Minister Purbaya plans various facilities and incentives to attract global investors to the Indonesian International Financial Center.
How Will Indonesia Attract Investors to Its New Financial Center?
12 hari lalu
Indonesia is gearing up to attract investors to channel capital into the planned Indonesian International Financial Center (IIFC).
