KPK Traces Investment Mechanism Of IDR 1 Trillion Of PT Taspen To PT Insight Investment Management
JAKARTA - The Corruption Eradication Commission (KPK) examined the former President Director (Managing Director) of PT Taspen (Persero) Iqbal Latanro on Thursday, July 10. He was questioned about the fictitious investment mechanism of the state-owned company at PT Insight Investment Management.
"The witness was investigated regarding the mechanism for the release of Taspen funds to PT IIM amounting to Rp1 trillion in the context of securing the portfolio of sukuk ijarah assets belonging to PT Taspen which was default," said KPK Spokesperson Budi Prasetyo to reporters in a written statement.
A similar investigation was also carried out by investigators from the anti-corruption commission against Labuan Nababan, who is the former Senior Vice President of Capital Market Investment and Money Market of PT Taspen (Persero). "The investigation was carried out at the KPK's Merah Putih building," said Budi.
Previously reported, the KPK developed allegations of fictitious investment corruption in PT Taspen (Persero). PT Insight Investment Management has now been named a corporate suspect through a new investigation.
It has not been detailed about the role of PT IIM. However, they together with Taspen are suspected of causing the state to lose up to Rp1 trillion due to fictitious investment.
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This case began after the anti-corruption commission appointed former Director of PT Taspen (Persero) Antonius NS Kosasih and former President Director of PT Insight Investment Management Ekiawan Heri Primayanto regarding the alleged corruption of fictitious investments at the state-owned company.
At that time, PT Taspen (Persero) placed an investment of IDR 1 trillion in the RD I-Next G2 mutual fund managed by PT Insight Investment Management. The private company then spread it to a number of investments but not according to the rules.
In detail, Rp78 billion is managed by PT Insight Investment Management. Then, as much as Rp2.2 billion is managed by PT VSI; Rp102 million is managed by PT PS; Rp44 million goes to PT SM; and other parties affiliated with Kosasih and Ekiawan.