The Attorney General's Office Calculates The Value Of 5 Smelters In Babel Confiscated In The Corruption Case Of Tin Governance

The Attorney General's Office together with Forkompimda Babel held a press conference after a closed meeting to discuss the management of 5 confiscated smelters in Pangkalpinang, Babel, Tuesday, April 23. (ANTARA/HO-Aprionist)

The Attorney General's Office (AGO) will immediately calculate the value of five tin smelters confiscated by investigators in the Province of the Bangka Belitung Islands (Babel) on Monday, April 22, 2024.

"The value of this asset has not been calculated, because it was only confiscated yesterday," said Head of the Indonesian Attorney General's Asset Recovery Agency Amir Yanto after a closed meeting discussing the management of five confiscated smelters in Pangkalpinang, Babel, Tuesday, April 23, confiscated by Antara.

He stated that the confiscation of assets in five units of the Bangka Belitung Islands Province smelter was related to the corruption case of tin governance, where the AGO has named 15 suspects.

"The value of these five smelters is likely to reach trillions of rupiah and if they are not managed, the value will decrease to billions of rupiah. Therefore, we will operate these confiscated assets," he said.

He stated that the confiscation of these smelter assets was under the temporary authority of investigators. If this asset is not managed, it will definitely be damaged and reduce the value of the confiscated assets.

"This is still in the legal process and if the acquisition decision is later returned to the owner, it will be returned, and if the court decision is later confiscated by the state, it will be confiscated taking into account fines and replacement money," he said.

The cross-field coordination meeting related to the follow-up to the confiscation of five tin smelters was attended by the Deputy for Law at the Ministry of SOEs, the President Director of PT Timah Tbk, BPKP, the Director of Investigation at the National Police Headquarters.

In addition, the closed coordination meeting related to the confiscation of the smelter was also attended by the Acting Governor of the Bangka Belitung Islands, the Head of the Babel Islands Police, Dandrem O45, Danlanal, Danlanud and the Babel Islands Forkopimda.