Jakarta. A Jakarta court on Monday sentenced four former officials of the Indonesia Eximbank (LPEI) to six years in prison each after finding them guilty of corruption involving export financing that caused nearly Rp 1 trillion ($55.9 million) in state losses.

The Central Jakarta District Court found that the former officials improperly facilitated financing for companies using fictitious data and financial information without conducting adequate verification of assets, transactions, and other information submitted as the basis for the loans.

The corruption, which occurred between 2015 and 2023, caused Rp 992.82 billion in state losses, according to the court.

The four defendants are Andi Maulana Adjie, who headed LPEI's Sharia Financing Division department from 2011 to 2017; Intan Apriadi, who headed a department in Sharia Financing Division I from 2007 to 2016; Komaruzzaman, who headed a department in Sharia Financing Division II from 2011 to 2016; and Gamaginta, who headed a department in LPEI's Sharia Financing Division I from 2017 to 2018.

Each defendant was sentenced to six years in prison and fined Rp 250 million. Failure to pay the fine will result in an additional three months in prison.

Presiding Judge Brelly Yuniar Dien said the defendants had proposed export financing for PT Tebo Indah and PT Pratama Agro Sawit without adequately checking the inventories and accounts receivable pledged by the borrowers as collateral.

The court also found that the defendants failed to verify the size of oil palm plantations used as collateral, sales transactions involving buyers, the validity of data on raw-material purchases from suppliers, and other supporting information required for the financing.

The judges found that the defendants' actions enabled the approval of financing based on information that did not reflect the borrowers' actual conditions.

The case involved financing facilities linked to commodity businesses, including palm oil, where fictitious or inaccurate information supported financing applications.

The six-year sentences were lighter than the 8½-year prison terms sought by prosecutors.

In determining the sentences, the judges considered several mitigating factors. The defendants had no previous criminal convictions, were relatively cooperative during the trial and had families to support.

The court also found that the four defendants did not personally receive or enjoy the proceeds of the corruption.

“The panel believes that the sentences imposed on the defendants are appropriate to the degree of their culpability and consistent with justice,” Brelly said.

LPEI, officially the Indonesian Export Financing Agency and commonly known internationally as Indonesia Eximbank, is a state-established institution tasked with providing financing, guarantees and insurance to support Indonesian exports.

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