Cirebon 2 Bribery Case and Japanese Mega Bank Loans
Korean Hyundai Engineering and Construction (Hyundai), the company building the Cirebon 2 coal-fired power plant in Indonesia, has been accused of bribery and corruption. Japanese commercial banks, Mizuho, MUFG, SMBC, and the Japan Bank for International Cooperation (JBIC), a public bank, are among the financiers.