Timah Addresses Corruption Scandal Linked to Harvey Moeis and Former CEO
Jakarta. State-owned tin mining company Timah has pledged to strengthen the governance of tin mining and trading activities following its involvement in a corruption scandal that resulted in extensive environmental damage.
Last week, Harvey Moeis, popularly known as "Indonesia's dream husband," was identified as a suspect by the Attorney General's Office (AGO) in connection with corruption allegations linked to tin trading permits related to Timah.
The corruption scandal, believed to have happened between 2015 and 2022, is estimated to have caused environmental damages amounting to Rp 271 trillion ($17 billion), according to calculations by environmental expert Professor Bambang Hero Saharjo from the Bogor Agricultural Institute (IPB).
Fina Eliani, Timah's Director of Finance and Risk Management, said the company is intensifying its efforts to enhance mining governance by reinforcing asset security measures, enforcing regulations, and collaborating with local miners to curb illegal mining activities within concession areas.
"Timah remains dedicated to implementing strategic measures aimed at improving operational performance and production," Fina said in her announcement on Sunday.
Additionally, Fina highlighted that the management is formulating strategies and policies to ensure the company's long-term sustainability. Ongoing programs aimed at boosting production, such as the establishment of new mining sites, permit updates, capacity expansion, site surveys, and land inventory, are part of these efforts. Moreover, efficiency initiatives spanning from upstream to downstream operations are being prioritized.
Harvey, acclaimed for his handsome appearance and wealth, gained fame as "Indonesia's dream husband," particularly after his fairytale wedding with actress Sandra Dewi at Disneyland Tokyo in November 2016.
According to Kuntadi, Director of Investigation at the Attorney General's Office, Harvey allegedly communicated with Timah's former President Director, Mochtar Riza Pahlevi Tabrani, between 2016 and 2021 to facilitate illicit mining activities within Timah's concession area.
These unlawful activities were disguised as equipment rental agreements for tin processing. Subsequently, Harvey engaged several smelters, including CV Venus Inti Perkasa, PT Tinindo Inter Nusa, PT Sariwiguna Bina Sentosa, and PT Stanindo Inti Perkasa, in these operations.
Furthermore, Harvey purportedly instructed these smelters to divert a portion of their profits to him, under the guise of corporate social responsibility (CSR) funds, overseen by QSE Manager Helena Lim, who has also been implicated in the case.
Tags: Keywords:Related Articles
Timah Profit Jumps Ninefold as Illegal Mining Crackdown Lifts Production
Timah’s first-half profit surged ninefold as a crackdown on illegal mining boosted tin production, sales and operating margins.Timah Net Profit Surges 169% on Robust Tin Demand and Higher Prices
Timah exceeded its 2026 profit target in the first half as stronger tin prices, production and exports boosted earnings.Timah Profit Surges 1,184% as Output Jumps and Tin Prices Rally
Timah posts 1,184% profit jump in Q1 as output, sales and tin prices surge, beating targets and signaling continued growth momentum.The Latest
Jakarta Repairs Public Facilities Damaged in Protest Unrest
Jakarta authorities began repairing damaged public facilitie after a protest near parliament escalated into clashes and vandalism.Free Meal Program Gets Lion’s Share of BGN’s $13.6 Billion 2027 Budget
Indonesia’s Nutrition Agency gets Rp 240 trillion for 2027, with 97% earmarked for the government’s free nutritious meal program.Jakarta Returns to Normal After Overnight Unrest Near Parliament
Jakarta resumed normal activities Friday after a protest near parliament escalated into clashes, arson and vandalism.Indonesian Stocks End Week Lower as Investors Await Fed Signals
JCI slipped 0.06% on Friday as investors weighed BI leadership certainty against Fed rate uncertainty.IDX Tests Plan to Cut Minimum Stock Price to Rp 1
IDX has begun testing a plan to cut the minimum stock price from Rp 50 to Rp 1, with implementation pending brokers' readiness.Most Popular
