OJK Supports Steps To Resolve Allegations Of Corruption In LPEI Funds Of IDR 2.5 Trillion

The Financial Services Authority (OJK) stated that it supports the efforts of the Ministry of Finance (Kemenkeu) in resolving the problem of financing problems at the Indonesian Export Financing Agency (LPEI) of IDR 2.5 trillion through legal channels with the Attorney General's Office.

Chief Executive of the Supervision of Financing Institutions, Ventura Capital Companies, Micro Financial Institutions, and Other Financial Services Institutions OJK Agusman said that as a financial institution of sui generis, LPEI is also supervised by OJK according to POJK No. 9/POJK.05/2022 concerning Supervision of Indonesian Export Financing Institutions.

"The efforts of the Ministry of Finance (reporting to the Attorney General's Office) are a strategic step to resolve problematic financing of uncooperative debtors in fulfilling their obligations to LPEI," he explained in his statement, quoted Wednesday, March 20, 2024.

According to Agusman, the OJK in accordance with the mandate of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK) will also continue to carry out off-site supervision and direct examination (on-site) of LPEI.

"OJK also coordinates with the Ministry of Finance regarding LPEI supervision," he said.

LPEI as a Financial Institution under the guidance and supervision of the Ministry of Finance, is an institution established by the government through Law Number 2 of 2009.

Meanwhile, LPEI is a financial institution of sui generis with the status of a legal entity whose entire capital is owned by the Unitary State of the Republic of Indonesia.

Previously, Minister of Finance Sri Mulyani reported the findings of four problematic debtors who indicated fraud of up to IDR 2.5 trillion at the Attorney General's Office (AGO) in discussing cases of alleged corruption at the Indonesian Export Financing Agency (LPEI).

"Today I have come to increase the synergy of cooperation between the Ministry of Finance and the Attorney General's Office, as it is known that we two agencies are working closely in the context of law enforcement in the field of state finances," Sri Mulyani said to the media crew, Monday, March 18, 2024.

Sri Mulyani revealed that there were findings of four problematic debtors and indicated fraud with outstanding loans of IDR 2.5 trillion.

"Today, specifically, we convey four debtors with indications of fraud with outstanding loans of IDR 2.5 trillion," he said.

Sri Mulyani conveyed that the Ministry of Finance is committed to cleaning up the Indonesian Export Financing Agency (LPEI).

"At this time, LPEI has and continues to research problematic loans. LPEI has and continues to work with the Deputy Attorney General for Civil and State Administration, BPKP, and the Inspector General of the Ministry of Finance together with LPEI to form an integrated team to examine all problematic loans at LPEI. This was what the AGO mentioned earlier. we are trying to clean up," he said.

Meanwhile, there are four companies that have been dragged into corruption cases that allegedly occurred since 2019. The four companies in question are PT RII with alleged fraud of Rp1.8 trillion, PT SMR of Rp216 billion, PT SRI of Rp1.44 billion, and PT PRS of Rp305 billion.