Civil claim of 1.72 trillion rupiah against Keppel unit over ownership of Jakarta land ruled inadmissible 

A DISTRICT court in Indonesia has ruled that a 1.72 trillion rupiah (S$152 million) lawsuit against Kepland Investama – a wholly-owned subsidiary of Keppel Land – was inadmissible. 

On Thursday (Mar 30), Keppel Corporation said that the civil action was commenced by one Raden Saleh Abdul Malik against Kepland. The civil action was over ownership rights for land plots in Jakarta, where the International Financial Centre Jakarta Tower 2 building complex is situated.

The claimant had alleged that he was the legal owner of the land plots, spanning 17,000 square metres. His claim was based on a “girik” – a document which is not considered proof of land ownership under Indonesian agrarian law. 

When Keppel Corp first announced in February 2022 that it was aware of these allegations, it noted that Kepland had acquired its ownership rights over the land plots on Dec 1, 2000, and holds land certificates which were “the strongest proof of ownership”. 

The subsidiary then took out an application to dismiss the claim, with the South Jakarta District Court dismissing the claimant’s lawsuit on Monday. 

Shares of Keppel Corp were up 0.7 per cent or S$0.04 at S$5.60 as at 12.05 pm on Thursday.