AGO Probes Alleged Rp 5 Trillion Corruption at LPEI
Jakarta. The Attorney General's Office (AGO) is currently probing a report from the Finance Ministry concerning alleged corruption involving the Indonesian Export Financing Agency (LPEI), also known as Indonesia Eximbank, totaling more than Rp 5 trillion ($318,5 million).
Attorney General Sanitiar Burhanuddin disclosed that in the initial phase, four debtors flagged by the Ministry were under investigation for potential credit facilities fraud, amounting to a total of Rp 2.5 trillion.
"For this initial phase, the total amount is Rp 2.5 trillion, involving debtors (companies) such as RII with around Rp 1.8 trillion, SMR with Rp 216 billion, SRI with Rp 1.44 billion, and BRS with Rp 300.5 billion," Burhanuddin stated during a press conference at the Attorney General's Office on Monday.
These companies operate in the coal, nickel, shipping, and crude palm oil (CPO) sectors.
He further stated that a second phase would ensue, involving six companies, amounting to Rp 3 trillion.
Finance Minister Sri Mulyani confirmed receipt of a report detailing the investigation findings on problematic loans at LPEI.
Finance Minister Sri Mulyani indicated receipt of a report concerning suspicious loans, potentially involving fraudulent activities by the debtors.
Previously, the Supreme Audit Agency (BPK) had forwarded a report on the outcomes of the state losses calculation examination to the Attorney General's Office regarding alleged corruption at LPEI spanning from 2013 to 2019.
According to the AGO's spokesman, the delay in reporting this case arose because initially, it was classified as a civil matter under the Deputy Attorney General for Civil Affairs and State Administration (Jamdatun). However, subsequent investigations revealed suspicions of criminal activity.
"It was recently discovered that there were indications of fraud and irregularities in the provision of facilities or credit financing from LPEI to the debtors. As the case stalled, we decided to transfer it to the Special Crimes (Pidsus) division for asset recovery," he explained.
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