Purbaya Responds as Coalition Challenges Patriot Bond Legal Immunity
Purbaya Responds as Coalition Challenges Indonesia’s Patriot Bond
Reporter
July 15, 2026 | 12:31 pm
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.
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