KPK Calls Allegations Of LPEI Corruption Potentially State Loss Of Up To IDR 11.7 Trillion

JAKARTA - The Corruption Eradication Commission (KPK) said that the alleged corruption in the provision of credit facilities by the Indonesian Export Financing Agency (LPEI) as a whole has the potential to harm the state up to Rp11.7 trillion. This figure arises because there are 11 debtors who enjoy the financing.

"The total credit provided and also a potential loss to state finances due to the credit is approximately 11.7 trillion," said Acting Director of KPK Investigation Budi Sokmo at a press conference at the KPK's Merah Putih building, Kuningan Persada, South Jakarta, Monday, March 3.

Budi has not detailed the 11 debtors. However, the anti-corruption commission has named five suspects in this case, namely Dwi Wahyudi as Managing Director I of LPEI; Arif Setiawan as Managing Director IV of LPEI; Jimmy Masrin, Newin Nugroho, and Susy Mira Dewi Sugiarta as debtor of PT Petro Energy.

"So for this March the KPK has named five suspects," he said.

"Meanwhile, other debtors are still in the process of being investigated and investigated further so that later we will also convey it," continued Budi.

The five suspects have caused state losses of Rp. 60 million US dollars or Rp. 988.5 billion based on the current rupiah exchange rate. This case originated from an alleged conflict of interest or conflict of interest due to a meeting to smooth out the credit administration process.

Then LPEI allegedly provided credit facilities to PT Petro Energy even though the company was not feasible. "The LPEI Director does not control the correctness of credit use according to MAP," he said.

The KPK also mentioned that PT Petro Energy had falsified purchase documents and invoices. Then, also window dressing or consolidation efforts were carried out on the company's financial statements.

The credit facility used is also called the KPK not in accordance with actual conditions. In fact, Budi said, an agreement had been signed.

"That the state financial losses that have so far been calculated are approximately US$60 million only specifically for (the granting of credit, ed) PT PE. Meanwhile, from the others, it is still in the process of being investigated and investigated," he concluded.