PALMOILMAGAZINE, SINGAPORE — Indonesia’s Supreme Court (MA) has overturned the previous acquittal of three major palm oil conglomerates—Wilmar Group, Permata Hijau Group, and Musim Mas Group—following a cassation appeal filed by the Attorney General’s Office. According to the ruling published on the Court’s official website, five subsidiaries of Wilmar were found liable and ordered to pay hefty fines and compensation to the state.
In an official statement received by Palmoilmagazine.com on Monday (Sept 29, 2025), the five subsidiaries include PT Multimas Nabati Asahan, PT Multi Nabati Sulawesi, PT Sinar Alam Permai, PT Wilmar Bioenergi Indonesia, and PT Wilmar Nabati Indonesia. Each was fined Rp1 billion, and collectively required to pay Rp11.88 trillion (approximately USD 708 million) in compensation.
The compensation covers Rp1.69 trillion in company profits, Rp1.65 trillion in state losses, and Rp8.52 trillion in business and household sector losses. Wilmar stated that the amount had already been deposited with the Attorney General’s Office and will be transferred to the national treasury.
Also Read:
In its official response, Wilmar expressed respect for the Supreme Court’s decision but voiced disappointment over the ruling.
“The actions of Wilmar’s subsidiaries during the domestic cooking oil shortage were conducted in good faith and in full compliance with applicable regulations,” the company said.
Wilmar added that it is considering filing a judicial review (peninjauan kembali or PK) as a legal recourse.
The company also noted that the ruling will likely result in a net loss in its Q3 financial report ending September 30, 2025. However, Wilmar expects to remain profitable for the full fiscal year ending December 31, 2025. The firm urged shareholders and potential investors to exercise caution in making investment decisions. (P2)
