double-skinned crabsVietnamese crab exportergood crabexellent crab

Summarecon Shares Plunge 7% After CEO Detained in KPK Graft Probe

Yustinus Paat
September 15, 2026 | 1:47 pm
SHARE
A cellphone screen captures Corruption Eradication Commission (KPK) spokesman Budi Prasetyo during a news conference at the commission's headquarters in Jakarta, Tuesday, March 3, 2026. (Antara Photo/Reno Esnir)
A cellphone screen captures Corruption Eradication Commission (KPK) spokesman Budi Prasetyo during a news conference at the commission's headquarters in Jakarta, Tuesday, March 3, 2026. (Antara Photo/Reno Esnir)

Jakarta. The Corruption Eradication Commission (KPK) has detained the president director of property developer Summarecon Agung (SMRA), Adrianto Pitojo Adhi, as part of a sting operation involving 17 people over the processing of land-use rights in Bogor, West Java.

Summarecon, one of Indonesia's largest listed property developers, shares fell as much as 7% to Rp308 during Tuesday’s trading session following news of Adrianto’s detention.

KPK spokesman Budi Prasetyo confirmed Tuesday that Adrianto was among those detained in the operation, which began Monday in the Greater Jakarta area.

“The person concerned is one of the parties secured in connection with the series of events in the sting operation,” Budi said in a statement.

ADVERTISEMENT

Adrianto was being questioned at the KPK’s headquarters in South Jakarta along with the other 16 people. The anti-graft agency has 24 hours to determine their legal status.

Those detained also include Lampri, director general for land and spatial control at the Agrarian Affairs and Spatial Planning Ministry; Sontang Coin Manurung, head of the Bogor Land Office; and Tardi, head of the Tangerang City Land Office.

Golkar Party politician Fadh A Rafiq, representatives of Summarecon, former Kebumen deputy regent Arif Sugiyanto and several other people were also detained.

“In this sting operation, the team secured a total of 17 people,” Budi said.

The operation is linked to the processing of land-use rights, including building rights, in Bogor Regency, as well as other alleged payments, according to the KPK.

Investigators also seized cash worth hundreds of billions of rupiah in rupiah and foreign currencies. The money was stored in 20 suitcases, boxes and containers.

Budi said the KPK was still counting the seized cash and would provide details of the case, including the alleged offenses and the roles of those involved, at a subsequent press conference.

Tags: Keywords:
Google Add Investor.id as a preferred source on Google +
SHARE

Related Articles


News Sep 21, 2026 | 8:46 pm

KPK Detains Regent, 13 Others in North Sulawesi Sting

KPK detained North Bolaang Mongondow Regent Sirajudin Lasena and 13 others in a sting involving suspected payments tied to local projects.
News Sep 21, 2026 | 8:31 pm

Nusron Offers Few Words on KPK Probe: ‘We Respect the Legal Process’

KPK seized cash and other evidence worth approximately Rp 106.3 billion ($6 million) during the investigation.
News Sep 17, 2026 | 2:39 am

KPK Suspects ‘Shadow Structure’ at Land Ministry after Summarecon Bribery Case

KPK is probing a suspected “shadow network” of outside intermediaries with access to land services after arresting eight bribery suspects.
News Sep 15, 2026 | 11:51 pm

KPK Seizes Rp 106 Billion in Summarecon Land Bribery Investigation

KPK spokesman Budi Prasetyo said the investigation marks the second bribery case involving Summarecon.
News Sep 15, 2026 | 8:06 pm

KPK Names Summarecon CEO, Director General among Eight Corruption Suspects

KPK named eight suspects in a Bogor land rights corruption case after investigators seized around 20 suitcases of cash.
Business Sep 15, 2026 | 1:47 pm

Summarecon Shares Plunge 7% After CEO Detained in KPK Graft Probe

Summarecon shares plunge 7% after CEO detained in KPK graft probe.
News Sep 14, 2026 | 11:42 pm

KPK Detains 17 in Greater Jakarta, Including Senior Land Officials

KPK detained 17 people, including senior land officials, in Greater Jakarta but has yet to disclose the alleged corruption scheme.
News Aug 5, 2026 | 6:19 pm

KPK Seizes S$8,500 in Probe Into Alleged Immigration Permit Extortion

KPK seized S$8,500 after searching two Jakarta immigration offices in a probe into alleged extortion involving stay permits.
News Jul 30, 2026 | 9:52 pm

Indonesia's Anti-Corruption Agency Arrests Seven Regional Leaders in H1

Indonesia's KPK carried out 12 sting operations in the first half, arresting seven regional leaders and boosting asset recovery.
News Jul 30, 2026 | 6:01 pm

KPK Employee Charged With Extortion Over Leak in Pemalang Corruption Probe

The employee, Setya Budi Dias Oktavianto is suspected of passing confidential information to his father, Lilik Budi Suprianto.

The Latest


Business 57 minutes ago

MSCI Concerns, Tighter IDX Trading Rules Send Indonesian Stocks Down 5% by Midday

Indonesian stocks plunge 5% by midday as MSCI concerns weigh on sentiment and the IDX tightens its daily downside limit to 7%.
News 1 hours ago

Jakarta Prepares 367 Health Facilities as Haze Reaches the Capital

Jakarta prepares 367 health facilities to treat potential haze-related illnesses after smoke from Sumatra and Kalimantan crosses the region.
News 2 hours ago

Jakarta Expands Flood Prevention With New Water Storage Ponds

Jakarta opens two East Jakarta water storage ponds as it expands flood prevention efforts through reservoirs and river normalization.
Special Updates 2 hours ago

Press Council Highlights AI Ethics at United Tractors Journalist Workshop

United Tractors’ 2026 journalist workshop highlights ethical AI use and the importance of trust and credibility in journalism.
Opinion 2 hours ago

How Indonesia Can Make Forest Protection Pay

Indonesia can make forest protection pay by channeling international climate funds through ecological fiscal transfers to local governments.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED