Complete Chronology of Haji Isam's Company (JARR) Purchasing Confiscated CPO from Agrinas

Jakarta, CNBC Indonesia — The company of Andi Syamsuddin Arsyad, also known as Haji Isam, PT Jhonlin Agro Raya Tbk (JARR), has provided an explanation to the Indonesia Stock Exchange (IDX) regarding a material legal dispute raised by Law Office R. Azhari & Co. The company affirmed that the purchase transaction of crude palm oil (CPO) from PT Agrinas Palma Nusantara (APN) was conducted in accordance with regulations and that the company acted as a good-faith buyer. In its information disclosure, cited on Monday (20/7/2026), JARR detailed the chronology of the CPO purchase from APN. The company received a letter of offer on 10 March 2025 for the purchase of 15,000 metric tonnes (MT), subsequently signing a memorandum of understanding on 13 March 2025. The company then paid a down payment of Rp50 billion on 14 March 2025. JARR stated that APN was the party assigned to manage the operations of oil palm plantations and their derivative products based on the Official Report of Evidence Deposition (BAPB) from the Attorney General’s Office of the Republic of Indonesia to the Minister of State-Owned Enterprises. In a statement letter from APN cited by the company, the assignment included the management of seized assets in the form of oil palm plantations, processing facilities, CPO production, and derivative products. The company also stated that it had conducted due diligence on the ownership of the goods based on transaction documents and information regarding APN’s assignment. According to JARR, on 15 April 2025 the company received 3,498.150 MT of CPO based on an acceptance report and documents from surveyor PT Tribhakti. The remaining payment of Rp3.58 billion was then settled on 23 April 2025. The company confirmed that the CPO had been received and used as production raw material. Regarding the claims submitted by Law Office R. Azhari & Co, JARR stated it did not feel the need to provide a further response. According to the company, the entire purchase process was carried out in accordance with statutory regulations and through adequate due diligence. Furthermore, the company conveyed that to date it has not received an official letter, summons, or request for clarification from the police regarding the case. JARR also stated that there is no legal process that has a material impact on the company’s financial condition or operations, so production and sales activities continue to run normally.