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THE EFFORTS IN PREVENTING ESCAPED PRISONERS AT CORRECTIONAL INSTITUTION CLASS I SURABAYA Mustofa, Zainal; Esthi, Anggrita
YURIS: Journal of Court and Justice Vol. 2 Issue 2 (2023)
Publisher : jfpublisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56943/jcj.v2i2.364

Polemics over the accuracy of correctional system implementation and the non-conducive environmental impact have triggered violations by prisoners to commit acts of escapes from correctional institutions. The lack of explicit regulation of this act has led to the increasing number of escape attempts made by prisoners. The prisoners’ escape attempts also occurred at the Correctional Institution Class I Surabaya. Therefore, this research was conducted to find out and analyse the efforts and constraints in preventing escape attempts by prisoners. The method of approach used in this research is juridical sociological by examining Law No. 12/1995 on Corrections, Correctional Institution Guarding Regulations of 1975, and Decree of the Director General of Corrections No. E.22.PR.08.03 of 2001 on fixed procedures; and analysing the implementation of security systems in correctional class I Surabaya in actual conditions. There are 2 legal material sources in the research, such as (1) primary data from interviews with the officers of correctional institution class I Surabaya; (2) secondary data from official documents, law books related to the research topic. Preventive and repressive efforts have been implemented by the correctional institution class I Surabaya. However, they have faced several constraints in implementing these efforts, such as over-capacity of inmates, the mismatch between the number of prison staff and inmates, the absence of strict sanctions, and the lack of welfare of correctional institution class I Surabaya staff.

Accountability and Legal Liability of State-Owned Enterprise Issuers to Investors in Cases of Share Suspension Due to Default Nugraha, Afgan; Esthi, Anggrita; Hartantien, Sinarianda Kurnia; Setiasih, Herma
International Journal on Advanced Science, Education, and Religion Vol 8 No 3 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i3.1358

Cases of default leading to the suspension of shares of state-owned enterprise (SOE) issuers reveal structural problems in corporate governance and in the implementation of disclosure obligations in the Indonesian capital market. This study aims to analyze the accountability of SOE issuers’ corporate governance, the forms of legal liability arising from default, and the effectiveness of investor protection mechanisms when trading suspensions are imposed. Using a normative legal research method with statutory, conceptual, and case-based approaches, this study examines empirical data from the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) from 2020 to 2024, including the cases of Garuda Indonesia, Waskita Karya, and several construction-sector issuers experiencing liquidity pressure and default risk. The findings indicate that defaults among SOE issuers are not incidental events but represent a pattern of systemic risk influenced by high leverage, moral hazard arising from implicit state guarantees, and weak supervisory functions of corporate organs. Share suspension as a market protection instrument has proven ineffective, as it is not accompanied by early risk detection mechanisms and fails to provide substantive recovery for investors. Although Articles 80 and 90 of the Capital Market Law provide a legal basis for investor claims, legal protection remains weak due to its reliance on disclosure-based regimes without guaranteed compensation. This study concludes that strengthening SOE accountability, reforming risk-based supervisory frameworks, and restructuring share suspension regulations are essential to enhance capital market integrity and ensure more effective investor protection.

Accountability and Legal Liability of State-Owned Enterprise Issuers to Investors in Cases of Share Suspension Due to Default Nugraha, Afgan; Esthi, Anggrita; Hartantien, Sinarianda Kurnia; Setiasih, Herma
International Journal on Advanced Science, Education, and Religion Vol 8 No 3 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i3.1358

Cases of default leading to the suspension of shares of state-owned enterprise (SOE) issuers reveal structural problems in corporate governance and in the implementation of disclosure obligations in the Indonesian capital market. This study aims to analyze the accountability of SOE issuers’ corporate governance, the forms of legal liability arising from default, and the effectiveness of investor protection mechanisms when trading suspensions are imposed. Using a normative legal research method with statutory, conceptual, and case-based approaches, this study examines empirical data from the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) from 2020 to 2024, including the cases of Garuda Indonesia, Waskita Karya, and several construction-sector issuers experiencing liquidity pressure and default risk. The findings indicate that defaults among SOE issuers are not incidental events but represent a pattern of systemic risk influenced by high leverage, moral hazard arising from implicit state guarantees, and weak supervisory functions of corporate organs. Share suspension as a market protection instrument has proven ineffective, as it is not accompanied by early risk detection mechanisms and fails to provide substantive recovery for investors. Although Articles 80 and 90 of the Capital Market Law provide a legal basis for investor claims, legal protection remains weak due to its reliance on disclosure-based regimes without guaranteed compensation. This study concludes that strengthening SOE accountability, reforming risk-based supervisory frameworks, and restructuring share suspension regulations are essential to enhance capital market integrity and ensure more effective investor protection.

Accountability and Legal Liability of State-Owned Enterprise Issuers to Investors in Cases of Share Suspension Due to Default Nugraha, Afgan; Esthi, Anggrita; Hartantien, Sinarianda Kurnia; Setiasih, Herma
International Journal on Advanced Science, Education, and Religion Vol 8 No 3 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i3.1358

Cases of default leading to the suspension of shares of state-owned enterprise (SOE) issuers reveal structural problems in corporate governance and in the implementation of disclosure obligations in the Indonesian capital market. This study aims to analyze the accountability of SOE issuers’ corporate governance, the forms of legal liability arising from default, and the effectiveness of investor protection mechanisms when trading suspensions are imposed. Using a normative legal research method with statutory, conceptual, and case-based approaches, this study examines empirical data from the Indonesia Stock Exchange (IDX) and the Financial Services Authority (OJK) from 2020 to 2024, including the cases of Garuda Indonesia, Waskita Karya, and several construction-sector issuers experiencing liquidity pressure and default risk. The findings indicate that defaults among SOE issuers are not incidental events but represent a pattern of systemic risk influenced by high leverage, moral hazard arising from implicit state guarantees, and weak supervisory functions of corporate organs. Share suspension as a market protection instrument has proven ineffective, as it is not accompanied by early risk detection mechanisms and fails to provide substantive recovery for investors. Although Articles 80 and 90 of the Capital Market Law provide a legal basis for investor claims, legal protection remains weak due to its reliance on disclosure-based regimes without guaranteed compensation. This study concludes that strengthening SOE accountability, reforming risk-based supervisory frameworks, and restructuring share suspension regulations are essential to enhance capital market integrity and ensure more effective investor protection.

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