JAKARTA – Indonesia’s Supreme Court has overturned a lower court ruling on an antitrust case that imposed fines on Mitsubishi Corp. and others.
The Supreme Court posted the decision on its website on July 30, but the reasons for the change have not been announced.
In January 2011, the lower court ordered Mitsubishi and two Indonesian firms, including state-run PT Pertamina, to pay 31 billion rupiah (about ¥288 million) in fines for colluding on competitive bidding for a liquefied natural gas project.
The companies filed objections to the ruling.
Under the Donggi-Senoro LNG project, in which total investments are projected at $2.8 billion, 2 million tons of LNG will be exported annually to Japan from late 2014.