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Corruption Ensnares Indonesian Export Financing Institutions

by Redaksi Asiatoday
March 18, 2024
in News
Reading Time: 2 mins read
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Corruption Ensnares Indonesian Export Financing Institutions

Attorney General of the Republic of Indonesia, ST Burhanuddin. Doc

ASIATODAY.ID, JAKARTA – The Indonesian Export Financing Institution (LPEI) is increasingly being caught in corruption cases. LPEI is the Ministry of Finance’s special mission vehicle (SMV).

The Attorney General’s Office said that the four LPEI debtor companies that were indicated to have committed fraud worth IDR 2.5 trillion came from the coal, nickel, shipping and crude palm oil (CPO) sectors.

“These four companies are corporations operating in the palm oil, coal, nickel and shipping sectors,” said Head of the Information and Legal Center at the Attorney General’s Office, Ketut Sumedana in a press conference at the Attorney General’s Office, Jakarta, Monday, March 18 2024.

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On the same occasion, the Attorney General, ST Burhanuddin, revealed a report from the Ministry of Finance regarding alleged corruption at LPEI worth IDR 2.5 trillion for the first stage.

“For the first stage IDR 2.5 trillion with the name of the debtor (company) RII around IDR 1.8 trillion, PT SMR IDR 216 billion, PT SRI IDR 1.44 billion, PT BRS IDR 300.5 billion. “The total amount is IDR 2.505 trillion,” said Burhanuddin at a press conference.

He said that later there would be a second stage, where there were still six corporations indicated to be involved in criminal acts of corruption in providing LPEI credit facilities.

The involvement of these six companies is still being investigated by a number of institutions, ranging from the Financial and Development Audit Agency (BPKP), the Attorney General’s Office to the Inspectorate at the Ministry of Finance.

“There are 6 companies. I ask that this be followed up immediately,” he stressed. (ATN)

Check out other news and articles at Google News and WA Channel

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