KPK Calls LPEI Credit Facility For PT Petro Energy State Loss Rp846.9 Billion

KPK Investigation Director Asep Guntur Rahayu/PHOTO: Wardhany Tsa Tsia-VOI

JAKARTA - The Corruption Eradication Commission (KPK) revealed that the provision of credit facilities for the Indonesian Export Financing Agency (LPEI) to PT Petro Energy cost the state hundreds of billions of rupiah. This is because the process is colored by a number of frauds such as document forgery.

This was conveyed by the Director of Investigation of the KPK Asep Guntur Rahayu during a press conference on the detention of two suspects, namely Jimmy Masrin as President Director of PT Caturkarsa Megatunggal and President Commissioner of PT Petro Energy and Finance Director of PT Petro Energy Susy Mira Dewi Sugiarta.

"The provision of credit facilities by LPEI specifically to PT PE has resulted in the following state losses, the outstanding principal of KMKE 1 PT PE worth 18,070,000. US dollars," Asep told reporters at the KPK's Merah Putih building, Kuningan Persada, South Jakarta, Thursday, March 20.

Meanwhile, the outstanding principal of KMKE 2 PT Petro Energy, continued Asep, has cost the state finances Rp549,144,535,027.

If the total loss due to this case reaches Rp846,956,205,027 based on the current rupiah exchange rate.

Previously reported, the KPK has detained three of the five corruption suspects in the provision of credit facilities by the Indonesian Export Financing Agency (LPEI). They are Jimmy Masrin as President Director of PT Caturkarsa Megatunggal as well as President Commissioner of PT Petro Energy; Finance Director of PT Petro Energy Susy Mira Dewi Sugiarta; and Newin Nugroho as President Director of PT Petro Energy.

Meanwhile, the two suspects who have not been detained are Dwi Wahyudi as Managing Director I of LPEI and Arif Setiawan as Managing Director IV of LPEI. They are suspected of having harmed state finances.

The KPK said the state losses arose due to a number of frauds committed by the suspects. Among them was a meeting between LPEI and the directors of PT Petro Energy.

During the meeting, it was agreed that lending would be made easier. In fact, PT Petro Energy should not be worthy of facilities from LPEI because its financial condition is not healthy.

In addition, during the meeting it was also suspected that zakat money was given to the directors, with amounts ranging from 2.5 to 5 percent of the total financing received.

The KPK also found falsification of invoices or bills. This finding is reinforced by witness statements and documents that have been pocketed by investigators.