KPK Reveals There Are 6 Companies Suspected Of Cheating In LPEI Corruption Cases

Deputy Chairman of the Corruption Eradication Commission (KPK) Alexander Marwata revealed that six companies were indicated to have committed fraud in alleged corruption in the provision of credit facilities by the Indonesian Export Financing Agency (LPEI). The investigation is currently underway.

"Yesterday, we only presented one, but there were six companies that were fraudulent and we have already investigated with the deputy of investigation," Alexander Marwata told reporters at the KPK's Red and White Building, Kuningan Persada, South Jakarta, Wednesday, March 20.

This investigation aims to find other companies. This is because there are allegations that many have been recipients of credit facilities indicated to have committed fraud.

Meanwhile, PT PE became one of the three companies previously mentioned by the KPK on Tuesday, March 19 yesterday. The total amount of state losses caused by the three reached Rp3.45 trillion.

Meanwhile, financing PT PE has cost the state Rp766,705,455,000. This state loss started with the provision of export working capital loans (KMKE) by LPEI.

However, the anti-corruption commission suspects that the process was carried out in a less careful manner and did not pay attention to the condition of the debtor. There are a number of things that were ignored when the credit was given, including the security coverage ratio or the feasibility of applying for financing and indications of irregularities in the financial statements for the period of June 2015.