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Indonesian Tycoon Riza Chalid Named Corruption Suspect in Oil Trade Scandal

by Editor Asiatoday
July 11, 2025
in News
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Indonesian Tycoon Riza Chalid Named Corruption Suspect in Oil Trade Scandal

Riza Chalid. Doc

ASIATODAY.ID, JAKARTA – Indonesia’s Attorney General’s Office (AGO) has named nine new suspects in a major corruption case involving the management of crude oil and refinery products at PT Pertamina (Persero), its sub-holdings, and Cooperation Contract Contractors (KKKS) between 2018 and 2023.

Among the high-profile names is Riza Chalid, a prominent businessman long known as Indonesia’s “Oil Kingpin.”

Riza Chalid, also known as Muhammad Riza Chalid (MRC), was identified as a beneficial owner of PT Orbit Terminal Merak, a company allegedly involved in irregular oil trade practices.

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“MRC acted as the beneficial owner of PT Orbit Terminal Merak,” stated Abdul Qohar, Director of Investigations at the AGO’s Special Crimes Division, during a press conference at the AGO building in Jakarta on Thursday, July 10, 2025.

Who Is Riza Chalid?

Often referred to as “The Gasoline Godfather,” Riza Chalid is known for his extensive influence in Indonesia’s oil and gas sector. He is linked to several companies in Singapore, including Supreme Energy, Paramount Petroleum, Straits Oil, and Cosmic Petroleum.

Prior to being named a suspect, Riza’s residence was raided by prosecutors on February 25, 2025, as part of the AGO’s ongoing investigation.

List of the Nine New Suspects in the Pertamina Oil Corruption Case

1. AN – VP of Supply and Distribution at PT Pertamina (Persero), 2011–2015

2. HB – Director of Marketing and Commerce at PT Pertamina (Persero), 2014

3. TN – VP of Integrated Supply Chain (ISC), PT Pertamina, 2017–2018

4. DS – VP of Product Trading, ISC Pertamina, 2019–2020

5. AS – Director of Gas, Petrochemicals & New Business at Pertamina International Shipping (PIS)

6. HW – SVP of Integrated Supply Chain (ISC), Pertamina, 2018–2020

7. MH – Business Development Manager at Trafigura, 2019–2021

8. IP – Business Development Manager at Mahameru Kencana Abadi

9. MRC (Riza Chalid) – Beneficial Owner of PT Tanki Merak and PT Orbit Terminal Merak

The case underscores ongoing concerns about corruption and mismanagement in Indonesia’s energy sector. Riza Chalid’s inclusion as a suspect signals the government’s increased scrutiny over oil trading practices and its commitment to transparency and accountability.

The Attorney General’s Office confirmed that further legal action, including formal interrogations and asset tracing, will continue against all suspects. (AT Network)

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