exellent crabVietnamese crab exporter

Towering Banknotes on Display as AGO Seizes $728 Million in Palm Oil Graft

Roy Adriansyah
June 17, 2025 | 6:09 pm
SHARE
Director of Prosecution Sutikno (fourth right), Director of Investigation Abdul Qohar (third left), and Legal Affairs Head Harli Siregar (fourth left) hold a press conference on the crude palm oil (CPO) export graft case at the AGO's Special Crimes Unit building in Jakarta, Tuesday (June 17, 2025). The AGO displays over Rp 11.8 trillion in seized funds returned by five Wilmar Group subsidiaries in the corruption case. BeritaSatu Photo/Joanito De Saojoao.
Director of Prosecution Sutikno (fourth right), Director of Investigation Abdul Qohar (third left), and Legal Affairs Head Harli Siregar (fourth left) hold a press conference on the crude palm oil (CPO) export graft case at the AGO's Special Crimes Unit building in Jakarta, Tuesday (June 17, 2025). The AGO displays over Rp 11.8 trillion in seized funds returned by five Wilmar Group subsidiaries in the corruption case. BeritaSatu Photo/Joanito De Saojoao.

Jakarta. The Attorney General’s Office (AGO) has seized more than Rp 11.88 trillion (around $728 million) from five subsidiaries of Singapore-based agribusiness giant Wilmar Group in connection with a corruption case involving crude palm oil (CPO) export permits.

The seized funds were returned by the following companies: Multimas Nabati Asahan, Multi Nabati Sulawesi, Sinar Alam Permai, Wilmar Bioenergi Indonesia, and Wilmar Nabati Indonesia. The announcement was made Tuesday by Sutikno, Director of Prosecution at the AGO’s Special Crimes Unit.

In a dramatic display of law enforcement, the AGO showcased the confiscated money worth Rp 2 trillion, stacked high around a table where eight AGO officials sat, nearly filling the room. The display took place during a press conference at the AGO’s Special Crimes Unit headquarters in Jakarta. The companies handed over Rp 11.8 trillion as restitution for the alleged losses to state finances and the national economy.

If all Rp 11.8 trillion in Rp 100,000 banknotes were stacked in Rp 10 million bundles and laid flat in a single layer, they would cover approximately 11,588 square meters, more than 1.5 times the size of a standard FIFA football field.

ADVERTISEMENT

The case centers on alleged abuse of export permits during a 2022 government-imposed ban on palm oil shipments, enacted to address a domestic cooking oil shortage. Prosecutors charged the companies under Indonesia’s anti-corruption law, accusing them of reaping illegal profits during the restriction period.

Towering Banknotes on Display as AGO Seizes $728 Million in Palm Oil Graft
Seized money is displayed during a press conference on the CPO export graft case at the AGO\'s Special Crimes Unit in Jakarta, Tuesday, June 17, 2025. The AGO has confiscated over Rp 11.8 trillion handed over by five corporate defendants from the Wilmar Group. BeritaSatu Photo/Joanito De Saojoao.

Despite these allegations, the Central Jakarta Corruption Court in March acquitted the five companies of all charges. The AGO has since appealed the ruling to the Supreme Court, where the case remains under review.

An audit by the Financial and Development Supervisory Agency (BPKP), along with a separate study by Gadjah Mada University’s Faculty of Economics and Business, estimated state losses at Rp 11.88 trillion, including direct financial damage and broader economic losses.

Breakdowns of the estimated losses per company include:

  • Multimas Nabati Asahan: Rp 4 trillion

  • Multi Nabati Sulawesi: Rp 40 billion

  • Sinar Alam Permai: Rp 484 billion

  • Wilmar Bioenergi Indonesia: Rp 57 billion

  • Wilmar Nabati Indonesia: Rp 7.3 trillion

Sutikno said the five companies have returned the full amount of state losses, now placed in an escrow account at Bank Mandiri under the supervision of the AGO’s Special Crimes Unit.

“The seizure was authorized by a court order from the Central Jakarta District Court under Article 38 of the Criminal Procedure Code and supports the ongoing cassation process,” Sutikno said.

The AGO has detained three judges accused of accepting bribes in exchange for acquitting the corporate defendants in the case. The companies involved include Wilmar Group, Permata Hijau Group, and Musim Mas Group.

The detained judges --Agam Syarif Baharuddin, Ali Muhtarom, and Djuyamto-- allegedly received bribes from company lawyer Ariyanto. The arrests follow a controversial March 19 ruling in which the Jakarta Anti-Corruption Court, led by Judge Djuyamto, found the companies guilty of exporting CPO without permits but deemed the actions non-criminal.

Prior to the ruling, prosecutors had sought Rp 11.8 trillion from Wilmar, Rp 4.8 trillion from Musim Mas, and Rp 937 billion from Permata Hijau. Prosecutors allege the companies’ illegal exports cost the state Rp 18.3 trillion, citing government subsidies required to stabilize domestic cooking oil prices during the 2022 crisis.

Tags: Keywords:
SHARE

Related Articles


Business Jun 18, 2026 | 9:31 pm

Prabowo Orders Higher Palm Oil Prices for Farmers Amid Global CPO Rally

Prabowo ordered palm oil mills to raise prices paid to farmers after FFB prices fell despite higher global CPO prices.
News Jun 18, 2026 | 9:22 pm

AGO Seals Warehouse of 21,801 Electric Motorcycles in MBG Corruption Probe

Prosecutors sealed a warehouse holding 21,801 e-motorcycles as part of a graft probe into Indonesia’s free meals program.
News Jun 15, 2026 | 1:19 pm

Three Decades Later, Indonesia Still Chasing Eddy Tansil Assets

Indonesia recovers more assets tied to fugitive tycoon Eddy Tansil three decades after the Bapindo corruption scandal.
Business Jun 2, 2026 | 11:31 am

Palm Oil Seen Climbing to $1,500 a Ton as B50 and El Nino Tighten Supply

Global palm oil prices could hit $1,500 a ton this year as Indonesia's B50 mandate, higher oil prices, and El Niño tighten supply.
Business May 13, 2026 | 2:53 pm

Indonesia Mulls Incentives for Palm Oil Investors

Indonesia is opening doors for investors who wish to help the country produce higher-value products out of crude palm oil.
Business May 4, 2026 | 3:05 pm

March Trade Surplus Hits $3.32 B on Strong Non-Oil Exports

Indonesia’s trade surplus widened to $3.32B in March, driven by non-oil exports, extending a 71-month surplus streak.
Business Apr 30, 2026 | 10:26 pm

Palm Oil Seen Up 8% in 2026 as Supply Caps Gains, World Bank Says

World Bank sees palm oil rising 8% in 2026, with supply growth and higher costs capping further gains.
Business Apr 24, 2026 | 4:04 pm

$1 Billion Investments in Q1 Go to Indonesia's Palm Oil Value Chain

Beyond palm oil, the overall investments in Indonesia’s downstream projects total Rp 147.5 trillion (almost $8.6 billion).
News Apr 22, 2026 | 3:44 pm

Seized McLarens, Art to Go on Auction at AGO May Fair

Indonesia will auction over 400 seized assets worth more than Rp 100 billion, including luxury cars and art.
Business Mar 27, 2026 | 12:57 pm

Iran War: Indonesian Palm Oil Price to Rise, But Importers Might Hold Back

If this war doesn’t last too long, the price hike on Indonesian palm oil might not be too significant, a think-tank says.

The Latest


News 10 hours ago

Dear Mr. President, Don’t Skip ASEAN Summits

Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.
Business 11 hours ago

PLN Rushes Coal Supplies After Power Outages Hit Java

PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Business 15 hours ago

Japan-Backed ADB Invests in Indonesia’s Human Capital

As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.
Business 15 hours ago

Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms

Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
News 16 hours ago

World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive

Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED