Corruption of Taspen's Fictitious Investment, PT Pasific Sekuritas Indonesia is Mentioned in the Accusation of Receiving Rp108 Million

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JAKARTA - The Public Prosecutor (JPU) of the Corruption Eradication Commission (KPK) in the alleged corruption case of PT Taspen (Persero) fictitious investment has demanded PT Insight Investments Management a fine of Rp. 650 million.

"We demand that the corporate defendant, namely PT Insight Investments Management, be proven to be legally and convincingly guilty of committing corruption crimes together, as in the first alternative indictment," said KPK prosecutor Januar Dwi Nugroho when reading the letter of demand at the Tipikor Court at the Jakpus PN, Tuesday, August 4.

In addition to the main penalty in the form of a fine, the corporation is also required to be punished with an additional penalty in the form of payment of compensation to the state in the amount of IDR 82.42 billion.

The JPU said the additional criminal charges were filed with the provision that if the defendant did not pay the substitute money within one month after the court's decision had acquired final legal force, his property could be confiscated by the prosecutor and auctioned to cover the substitute money.

Apart from PT Insight Investments Management with Rp41.22 billion, the prosecutor also mentioned several other parties, including Antonius Kosasih with Rp29.15 billion, Ekiawan Heri Primaryanto with 253,664 US dollars, Patar Sitanggang with Rp200 million, and PT Pacific Sekuritas Indonesia with Rp108 million.

In the same indictment, PT KB Valbury Sekuritas Indonesia was also mentioned for Rp2.46 billion, Sinarmas Sekuritas Rp40 million, and PT Tiga Pilar Sejahtera Food Tbk. for Rp150 billion. All of these descriptions are part of the indictment, which is still being tested through the trial process.

The prosecutor suspects that the management of investments was carried out without adequate analysis and was not in accordance with the provisions of the Financial Services Authority Regulation (POJK) Number 43/POJK.04/2015 and POJK Number 23/POJK.04/2016 regarding the management of mutual funds in the form of collective investment contracts. As a result of the alleged acts, the state is said to have suffered losses of around IDR 1 trillion.

The mention of the name of PT Pacific Sekuritas Indonesia and several other securities companies in the JPU's indictment is part of the construction of the case being examined in court.