WHEN the Indonesian Supreme Court overturned the acquittals of edible oil giant Wilmar International Ltd and two other major palm oil groups over allegations of misconduct in obtaining palm oil export permits in 2022, many companies with operations in the republic would have been unnerved.
Wilmar and its subsidiaries have been ordered to pay fines of US$709mil, much of which will come from the US$729mil security deposit the Singapore-based company paid up front.
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